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Portland Diamond Project presents stadium vision, urges SB 5 modernization and state support
Summary
Presenters from the Portland Diamond Project, local leaders, labor and tourism groups described plans for a proposed Major League Baseball ballpark at Zydell Yards and asked the legislature to modernize SB 5 and consider state support to help the project compete with other candidate cities.
Representatives of the Portland Diamond Project (PDP), local leaders and industry groups told the House Committee on Economic Development, Small Business, and Trade that a Major League Baseball franchise and a proposed waterfront ballpark at Zidell Yards could deliver sizable economic and civic benefits for Portland and the state — and that the state should modernize SB 5 to help finance a portion of the project.
Craig Cheek, founder of the Portland Diamond Project, told the committee PDP has a purchase-and-sale agreement for 31 acres at Zidell Yards and presented a conceptual plan for a 32,000-seat, retractable-roof ballpark. Cheek said the project team expects the stadium to be a year-round civic asset and estimated construction costs between $1.8 billion and $2.0 billion; he said adding a retractable roof would raise costs another $300…
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