Proposed Legislation Could Eliminate Potential Funding Source For Portland Major League Baseball Effort

Two bills, one in the Senate and one in the House, would undo the legislation that provides financing a baseball stadium by taxing players salaries.

Back in 2003, when a group of locals including then-Portland Mayor Vera Katz were trying to recruit Major League Baseball to Portland, they convinced the Legislature to approve a way to help finance a stadium–setting aside the personal income tax on players’ salaries for several years and dedicating the proceeds to the project.

That money-—up to $150 million in the 2003 legislation—could provide a down payment on a stadium.

Source: Proposed Legislation Could Eliminate Potential Funding Source For Portland Major League Baseball Effort – Willamette Week