If the Blazers are moved

I hardly heard about measure 118. It'll come back again and get more traction.

 

No one ever changes their mind in an equal fashion.

35 posts of angst that were incorrect, will get you one "guess I might have been wrong" response.

maybe....

 

I don’t believe this whatsoever.

 

That's not good... I question your reasoning though... They just agreed to pay a billion for a hypothetical baseball stadium...

 

Who agreed to pay a billion?

 

Yes, but we can still make the demand.

 

Oregon lawmakers pass $800 million bill for Portland MLB stadium



A rendering provided by the Portland Diamond Project shows what a proposed baseball stadium would look like if Major League Baseball agrees to bring a new team to the city. Supporters want the Oregon Legislature to pass a bill providing $800 million in bonds to build the new stadium along the city's south waterfront.

In a bid to bring professional baseball to Portland, Oregon lawmakers have decided they’re swinging for the fences.

Senate Bill 110 sailed through the Oregon Legislature with bipartisan support, passing the House of Representatives on a 46-6 vote Tuesday.

The bill authorizes $800 million in bonds to help fund the construction of a professional baseball stadium on Portland’s South Waterfront.

Instead of pulling from current state revenue, the bill calls for paying off the bonds through income taxes on players and staff. Proponents say it would be on the team to figure out how to fund the rest of the stadium, expected to cost $2 billion.

Read More

 

So you think the city and state would do something similar to keep the Blazers here? I don’t.

 

You poor fools. It’s clear that he’s gonna build an arena on a cruise ship and travel around. Whichever port he’s in will have the team for that season and then he will move on to the next port city. They will be renamed the Global Trail Blazers.

 

I do. It would be insane to support an MLB stadium that we may never get yet not support the team we already have.

 

The Blazers glue this city and metro area. It's like the one thing that everyone can agree on.

 

Agree to disagree. I don’t think an ownership group would agree to that. It’s also a reason why Portland will not get a MLB franchise.

 

Good fucking grief. Dude who leads the investment group that buys the team says he wants to stay here, has a history of keeping a team in a smaller market when he said he would and the city and state lawmakers say that they'll support splitting the cost for a new or completely refurbished arena. With all of that some of you are leaning towards the team leaving still?!? I mean it's a possibility but if you see it as more than an outside possibility at this point I feel bad for you.

The reason I feel bad is because if you choose to lean towards the less likely and obviously worse outcome in this situation, it's very likely you do that in most or all situations and that is no way to live.

 

that sure doesn't seem to be what you're implying. All it was is an authorization of 800M in bonds, and the sale of the bonds may or may not happen. It's dependent on a new MLB owner being willing to pony up the 1-1.2B balance of what a stadium could cost

not only that, there's this:

"Instead of pulling from current state revenue, the bill calls for paying off the bonds through income taxes on players and staff". WTF does that mean and really, how much money can be raised from that? I'd imagine if that 'tax' ever looks like it might be levied there would be all sorts of legal challenges. It's a 'pig-in-poke' scheme. Let me know when the first bond is actually issued.

do you really believe the City and State are just going to start selling bonds, doing site-work, and pouring concrete on spec? Reminds me of that old saying: 'a government that robs Peter to pay Paul can always depend on the support of Paul'

 

The Bridge is good till 2030 after that the franchise would/could be portable. The City/State/Voters will need to really step up in order to keep the franchise here. Im sure there will be plenty of pushback for voters to approve when its billionaires and millionaires demanding a new/refurbished area.

 

See. These stadiums sometimes don’t choke cities around the necks of the local tax payers. I believe Minnesota paid off their new football stadium early too

 

Haha I meant mainly for the new baseball stadium. If you pay it off sooner than later the bonds can go back to the state faster