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ImUrDaddy's avatar

This measure in support of building a MLB baseball stadium on the SW Waterfront would be WITHOUT requiring any assistance from the GENERAL taxpayer. 78% of those costs would be privately funded. The balance of the other 22% would only tax the incomes of baseball players who move to Portland to play MLB ball, and once that is paid off, all future taxes on baseball player's incomes would go to city and state. In the meantime, the operations of incomes of the baseball team will also be taxable, so there's that revenue for the city, not including all the tax revenue from concessions, many new surrounding businesses, and thousands of construction workers. City and State officials have all shown that it would be a huge net revenue gain for Portland and Oregon, and a boon to a downtown area which has been largely down on its dauber for nearly a decade. It's time to reverse that trend.

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