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06:23 PM PDT on Thursday, August 26, 2004
Backers of Major League Baseball in Oregon rolled out a $350 million
stadium financing plan that they say is a “starting point” for
attracting a team to Portland while acknowledging for the first time
publicly that the Rose City appears to be out of the running for the
Montreal Expos.
Baseball boosters unveiled their plan on Thursday, and bore some good
news for big league fans: Portland’s aggressive pitch for a MLB team may
have already coaxed a swing.
“We’ve crossed home plate,” said Mayor Vera Katz. “Unfortunately, we
still have extra innings.”
A potential owner has contacted Oregon baseball supporters to express an
interest in locating a franchise to the Rose City, said David Kahn, a
special baseball advisor to Katz.
“Are there people out there who have some interest in owning a team in
Portland, Oregon and have the wherewithal to do it? Of course there
are,” Kahn said.
The financing plan, the interest of at least one owner, and
conversations with one East Coast baseball owner of a “land rush” of
teams seeking to move after the Expos are re-located has Kahn very
confident that it’s just a matter of time before the Rose City will
become home to a MLB franchise.
"We have now a road map, a starting point, to sit down with (a team) and
say, 'Here's how we would begin to do it,'" Kahn said.
Kahn didn’t identify the interested owner but said it’s been common in
the last decade in the National Basketball Association and the National
Football League for teams to move from one city to another. The MLB is
no different, he said. Teams in Oakland, Florida and Minnesota are
thought to be considering a move, Kahn said.
“I think it’s well-documented which teams want a new stadium, which
teams are having problems in their own markets,” he said. “You know the
same names that we do.”
The plan for the 38,000-seat, 975,000-square-foot stadium is only
expected to be set in motion once a major league franchise takes the
bait.
“Nothing would happen until there was an owner, and there was a team,”
Katz said. “If and when that opportunity arises, we will be ready.”
Oregon baseball backers have sent their plan to MLB officials.
Bob DuPuy, Major League Baseball's chief operating officer, did not
immediately return an Associated Press e-mail seeking comment.
At the owner's meetings last week in Philadelphia, DuPuy said baseball
would meet with officials from the top four communities bidding for the
team, which appeared to take Portland out of the running.
If baseball owners and MLB officials decide to locate the Expos to
Washington, D.C. or Northern Virginia, the largest metro area in the
country without a baseball team would be Portland, Kahn said. Las Vegas
likely would be the other city vying for the next available franchise.
The likelihood of the Expos coming to Portland "is probably quite slim,"
Kahn said. "But we've known that for several months. We've known that
because the D.C. market (size) had a leg up in the so-called
competition."
Kahn said he didn’t believe that Monterrey, Mexico or Norfolk, Virginia,
which have also expressed an interest in big league baseball, would
seriously be in the mix for the next team to move.
With a stadium financing proposal already crafted, Portland becomes a
very attractive option, Kahn said.
“You can make an argument from a momentum standpoint or from a
credibility standpoint, we actually stand above, heads and shoulders,
over any other community that has done this," Kahn said.
About a third of the financing plan relies on the sale of state income
tax bonds, which was authorized by the Oregon Legislature. The sale of
the bonds would amount to about $115 million, which will be paid back
through players’ income taxes.
The plan provides for $85 million in ticket fees, $56 million from a
special stadium district financing that will include businesses within
that district paying a 1 percent grass receipts tax on earnings, $29
million from concessions and merchandise, $13 million from hotel and
rental car taxes, $12 million from the team lease, $25 million from the
sale of charter seat leases, $10 million from the creation of an urban
renewal district, and $5 million that will be likely be levied against
property owners who live near the stadium to pay for street improvements.
City officials are also mulling plans for redeveloping PGE Park after
its bonds are paid off and after the MLB team moves to its new stadium.
Portland mayoral candidate Jim Francesconi doesn’t buy baseball
supporters’ pitch. He issued a statement on Thursday reiterating his
opposition of public financing for a baseball stadium.
“I love baseball, but I don’t like this proposal,” he said. “At a time
when so many are out of work, we cannot ask taxpayers to bear the
majority risk for a stadium project. The city should not be involved in
these discussions until a private owner emerges, willing to invest
private dollars.”
(The Associated Press contributed to this report.)
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