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House Revenue Committee advances update to stadium-financing statute for prospective Portland MLB team
Summary
The House Committee on Revenue on June 12 moved Senate Bill 110 A to the floor with a due-pass recommendation. The bill updates a 2003 statute to raise thresholds used in financing a potential Major League Baseball stadium and clarifies roles for state agencies and the legislature in any future deal.
The House Committee on Revenue voted June 12 to move Senate Bill 110 A to the floor with a due-pass recommendation. The bill updates an existing statute from 2003 to raise cost and compensation thresholds that could be used to help finance a prospective Major League Baseball stadium in Portland.
Why it matters: The measure does not commit state dollars today but changes statutory caps and the revenue sources that could be authorized in the future, including using incremental personal income tax receipts tied to player compensation. Committee members said the updates are intended to make the law competitive with modern costs while preserving later legislative…
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