The finances of major-league baseball in Portland: 5 takeaways from our reporting

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The finances of major-league baseball in Portland: 5 takeaways from our reporting

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The finances of major-league baseball in Portland: 5 takeaways from our reporting

//business-finance.news-articles.net/content/202 .. -in-portland-5-takeaways-from-our-reporting.html

Published in Business and Finance on Friday, April 25th 2025 at 12:20 GMT by Oregonian
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Oregonian/OregonLive examined the Portland Diamond Project's ambitious effort to bring baseball to the city. Here's what we found.

The article from OregonLive discusses the financial aspects of bringing Major League Baseball to Portland, highlighting five key takeaways. First, the economic impact of a new MLB team could be significant, potentially generating thousands of jobs and millions in revenue. Second, the cost of building a new stadium is estimated to be around $1.5 billion, with funding likely coming from a mix of public and private sources. Third, the team's ownership group, led by local businessman Craig Cheek, has proposed a unique financing plan that includes a small increase in the city's hotel tax to help cover construction costs. Fourth, the potential location for the stadium is still under consideration, with sites near the Willamette River and in the Lloyd District being the leading contenders. Finally, the article notes that while there is strong community support for bringing MLB to Portland, there are also concerns about the financial risks and the impact on taxpayers.

Read the Full Oregonian Article at:
[ https://www.oregonlive.com/business/2025/04/the-finances-of-major-league-baseball-in-portland-5-takeaways-from-our-reporting.html ]

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