PORTLAND, Ore. -- After a final vote Wednesday from Portland's City Council, the Portland Timbers soccer team announced ticket packages for their debut in Major League Soccer in 2011.

City officials finalized the agreement to renovate PGE Park for pro soccer without touching Portland's urban renewal or general fund finances.

The $31 million project will be financed primarily by Merritt Paulson and his limited liability company, Peregrine LLC, according to details of the agreement released Thursday.

Any upfront expenditures by the city toward the renovation will be secured by the next 25 years' worth of PGE Park operating revenues, a personal guarantee made by Paulson to the city.

City Hall's latest deal stipulates an unspecified annual contribution from Merritt Paulson toward the city's community soccer fields and the Portland Parks Foundation. It also announced that PGE Park would be used for Portland State University football.

To purchase season tickets for the 2010 Timbers season or make a $50 per-seat deposit towards 2011 MLS season tickets, call (503) 553-5555 or go to .

The Timbers will first field a USL First Division team in 2010.

The stadium renovation became controversial last summer when Adams and Leonard proposed using Urban Renewal Fund money to finance a new baseball stadium - either at Lents Park or on the Memorial Coliseum site - for the city's Triple A team, the Beavers.

MLS officials had stipulated that PGE Park be renovated primarily for soccer games, leaving the Beavers scrambling for a new home. A proposal to knock down Memorial Coliseum for an open air ball park was defeated. Plans to build a stadium at Lents Park struck out. City officials in Beaverton and Vancouver expressed interest in the Beavers but the franchise's future in the metro area remains far from certain.

Read or Share this story: