Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oregon House approves bill to enable privately backed financing for proposed MLB stadium in Portland
Summary
The Oregon House passed Senate Bill 110, raising caps and adjusting the financing framework to support construction of a proposed Major League Baseball stadium in Portland using privately secured bonds and projected payroll-related revenues.
The Oregon House on June 17 passed Senate Bill 110, a measure that raises the cap on incremental baseball tax revenues and authorizes a financing structure intended to support construction of a Major League Baseball stadium in Portland without imposing new state taxes.
Supporters said the bill creates a privately secured-bond model that shifts financial risk away from the state and aims to spur jobs and local economic activity. "Senate Bill 110 increases the amount of incremental baseball tax revenues that the Oregon department of administrative services may grant for the purpose of constructing a major league baseball stadium," Representative Graeber said on the House floor.
Why it matters: sponsors and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
