If the Blazers are moved

RR7 · Aug 15, 2025 at 5:16 PM

wizenheimer said: ↑

that's not what the article you posted said:

"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."

and, obviously, the new owners might object to a tax on arena related revenue. I'm not even sure the city has the authority to create new taxes like that, especially if they are being used to service a bond

I'm not buying it. The math just isn't there.

so it might have been 10%....maybe 8%. Do you realize how crazy that is? What players would want to play for the Portland team, if they had a 30% federal tax, an 11% state tax, and an 8% arena tax on top of it all?. If I player is making 20M/year, he'd be paying all the normal taxes plus kicking in 1.5-2M/year for an arena. Like I said...pie-in-the-sky

usually some type of participation tax like this is less than 1%. Maybe 1/2 of 1%. Remember now, the average MLB payroll is 170M. That would mean half of that would be exempt. So, 85M taxable. One percent of that is 850K. Even at a ridiculous 5%, that's around 4.3M/year from payroll tax dedicated to servicing the bonds. And if the debt service was 60M year (interest & 'principal) that comes up way short. Maybe calculate about million or so for "staff" salary taxes, although that probably high. So, to pay for 800M in debt, and it is debt, there's a base of 5-6M, at most from what that article said would pay for the bonds.

again, 800M in debt at 4% is 32M/year....just in interest. Retiring the principal would be an additional 27M/year over a 30 year span Are "parking taxes" going to pick up the slack between a 60M/year debt service and 6M/year in payroll/staff taxes?

I'm not saying that the city and maybe the state would not be willing to dip into general revenues in order to service that bonding obligation. I'm just saying there is no fucking way at all that payroll taxes on players & staff + some parking and concession taxes will offset the cost of that debt
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It's not a plan to be a new tax on players, from what I've read. It basically jut takes their state income tax and designates it towards paying the bond.

Also you're cutting their payroll in half because of away games while failing to recognize we'd be taking the visiting players as well when they are here. So there is no reason to cut it in half.
I haven't seen anything on they paying 4% on interest either. I'd venture to guess that interest on repayment would be waived to support the bill.

wizenheimer · Aug 15, 2025 at 7:40 PM

RR7 said: ↑

It's not a plan to be a new tax on players, from what I've read. It basically jut takes their state income tax and designates it towards paying the bond.

Also you're cutting their payroll in half because of away games while failing to recognize we'd be taking the visiting players as well when they are here. So there is no reason to cut it in half.
I haven't seen anything on they paying 4% on interest either. I'd venture to guess that interest on repayment would be waived to support the bill.
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who would buy bonds that pay no interest?

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If the Blazers are moved

If worst case scenario happened and Blazers moved out of state would you still root for them?

Yes

No

Depends on where they moved to

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If the Blazers are moved

If worst case scenario happened and Blazers moved out of state would you still root for them?

Yes

No

Depends on where they moved to

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RR7 Well-Known Member

wizenheimer Well-Known Member

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