Potential Bonding for Proposed Portland Ballpark in Jeopardy?

Those who understand the legislative process know that there is a big difference between introducing a bill and actually getting one passed into law.  That said, two bills “introduced” in the Oregon Legislature would repeal laws passed by the Legislature in 2003 that allowed for up to $150 million in state-issued bonds to help pay for the construction of a major-league stadium in Portland (OR).  Under the 2003 law, the bonds would be paid back with an income tax on the salaries of players and team managers.  Read more and view renderings here.

 

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Filed under Design & Construction, Money & Financials, Stadium Issues

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