Request for Comments on Draft MLS Soccer/Triple A Baseball Evaluation Project ApproachBy Sam Adams
We welcome your comments on the attached Project Summary.   >>>>>>>>>>>>>>>>>>>> MLS Soccer/Triple A Baseball Evaluation Project Summary
Evaluation Advisory Task Force Roster Billy Barquin, Attorney, Kootenai Tribe Staff City Staff Team Ken Rust, Chief Administrative Officer City Consultant Team Public Financial Management, financial analysis, sports industry economics, sports facility cost analysis Steve Janik, Ball Janik LLC, outside legal counsel Evaluation Guiding Principles Financial Principles Existing City programs will not be cut to help fund the project. Taxpayers should see a return on the public investment in the project in 3 to 5 years. To the extent possible, revenues from the MLS/baseball enterprise will be used to finance the project. The City should have mechanisms in the agreements that provide a financial upside to the City should the teams' profitability exceed projections. The City should also build in mechanisms to protect the City's financial position on the downside. The City will identify any amenities or program expenditures it wants the project to address at the front-end of the discussions with the proposer The more financial risk the City assumes on the project, the City will need to have more control over those risks. Financial data and projections developed by the proposer and given to the City will be a public record. All meetings of the task force will be open to the public. The task force will take public testimony prior to finalizing any recommendations. Social Principles MLS and baseball facilities will be required to enter into Good Neighbor Agreements to minimize impacts on surrounding neighborhoods due to activities at these facilities. The City and proponent will initiate discussions with adjacent neighborhoods and properties over the project and keep affected parties informed over the course of project development and execution. The City will work with Portland Statue University to ensure that changes to PGE Park meet the needs of the university. The City and proponent will strive to find ways to benefit area high school sports activities and facilities and bring attention to these activities. There will be no net loss of outdoor athletic fields within the neighborhood(s) where the project is developed. City goals and requirements for M/W/ESB participation and for Workforce Training and Hiring will apply to the project State Prevailing Wage requirements will apply to project construction activities The City and project proponents will make efforts called for in the Local Business Initiative to promote the growth and economic health of locally based businesses. The City's Fair Wage policy will apply to employees at PGE Park and the new baseball park. Environmental Principles For any remodeling of existing facilities, every effort will be made to reuse and/or recycle all materials removed from the facilities. The project will strive to meet the City's Green Buildings Policies and will meet a LEED Silver Certification and strive to achieve a LEED Gold Certification. The team owner/stadium operator will commit to implementing sustainable practices for facility management and operations. Schedule November-December Task Force Start-up - background on City sports facilities, presentation on MLS proposal, facility siting alternatives, affirm project guiding principles Review consultant product on projected team financial performance, project funding strategies, projects in other markets City consultant work of project funding options, evaluation of team financial performance, research on MLS projects in other markets Formation of City negotiating team Determine specifics of what is required by MLS for March franchise award January Task Force Updates on project costs, funding options; form tentative position on project feasibility and funding strategy Review progress report from City negotiating team and outline of deal points February Task Force Review final products from consultant team Prepare draft recommendations and take public testimony Prepare final recommendations and present to City Council for consideration March If project determined to be financially feasible, prepare binding agreement between City and proponent In conjunction with proponent, prepare final submittal to MLS Posted Wed, 11/26/2008 - 4:03pm.
[[ Categories: Jobs & Economy ]]
Mmmmm: Major League Soccer or replace the Sellwood Bridge?Submitted by Oingo Holliday on Wed, 11/26/2008 - 10:00pm.
Mayor elect Adams, This is the worst kind of mission creep. The city charter doesn't say anything about subsidizing professional sporting venues. Major League Soccer is NOT an essential service and the City of Portland has no moral or economic rationale to subsidize private corporations that are in business to make a profit. If you really want to boost economic development, why not use the City of Portland's budget to subsidize the reconstruction of the Sellwood Bridge? This would directly improve the lives of commuters and the many businesses that are currently trucking freight 8-10 miles further than if the Sellwood were reopened to commercial vehicles. » reply
What a joke!Submitted by Jingle, Jangle, Jungle on Fri, 12/12/2008 - 7:49pm.
A cursory review of the task force participants reveals the outcome of their draft evaluation has been predetermined by the Mayor Elect. You've got the building trades, developers, their lawyers, the neighborhood that would benefit from the public subsidy and one or two potentially unbiased voices. This kind of "public" input is intended to create the appearance of due dilligence and participatory democracy when (in fact), our Capitalist Overlords have already determined they need the public funding to make the deal profitable. Mayor Adams is merely their willing tool. » reply
Doesn't touch the general fundSubmitted by Mike on Wed, 11/26/2008 - 10:26pm.
One of the great things behind Paulson's plan is that no General Fund monies are to be touched, thus allowing for your bridge and other assorted things to be done with the appropriate funds. » reply
why not let the millionare raise the moneySubmitted by jimkarlock on Thu, 11/27/2008 - 3:22am.
If this is such a great deal, why not let the milti-millionaire, looking for public assistance (welfare), raise the money from investors? Perhaps it is not such a great deal? It is time for Portland to stop millionaire welfare - we have far too many really needy. Why can't Portland's progressives help them instead of multi-millionaires? Thanks » reply
This shouldn't COST us anythingSubmitted by Mason on Thu, 11/27/2008 - 5:04pm.
I agree - it's right to ask the people who benefit to pay. Merritt Paulson will benefit from the profits of the Baseball and MLS teams after the city taxes are paid, so yes, he sure as hell should pay for the franchise (which he is to the tune of $40m) The people of Portland stand to benefit from employment opportunities as well as decades of additional cultural and entertainment options as a result of the upgrade. Shouldn't we expect to pay at least something? In the end we actually wouldn't end up paying much if anything because the bond option is paid back by ticket revenues and perhaps taxes on player salaries. Businesses in Portland will benefit from additional exposure of the city, tourism, expanded business opportunities and even a couple larger salaries spending money around town. Shouldn't they have to pay something? Well like the citizens, this is pretty much cost free to businesses as well. I guess some people like a free ride, but somehow it doesn seem to be the guy putting up $40,000,000 of his own money. » reply
obvious shill is obviousSubmitted by Bruce on Fri, 11/28/2008 - 8:31pm.
Mason, Which public relations firm are you employed by, or may I assume you are Paulson employee? » reply
Paranoid MuchSubmitted by Mason on Sat, 11/29/2008 - 10:51pm.
Shill? No but you've just played into the stereotypes that the NIMBY crowd is driven primarily by unfounded paranoia. I am just a Software Product Manager for a local private startup located on 4th & Market that also has nothing to do with soccer, PR or anything remotely of that nature. I have nothing to do with the effort exept to say that I stand to benefit like any other Portlander. I stand by my comments as a guy that just thinks this is a good idea. You can reach me at adairma at hotmail.com if you are still afraid that the world is out to get you personally and I will do my best to talk you down. » reply
Investment = Jobs. Do Nothing = RecessionSubmitted by Micah on Thu, 11/27/2008 - 10:09am.
THE TASK FORCE NEEDS TO VIEW THIS PROJECT AS A WAY TO COUNTERACT THE EFFECTS OF A RECESSION!!!!! Funding these construction projects means income for local Portland families AND two community assets when done. California voters recently voted to fund a $40 BILLION infrastructure project to build high speed rail. Shocking that they would volunteer to raise their own taxes in difficult times? No. It makes sense. Despite the challenging times forecated by most economists, people there realized that it made sense to invest in a project that would not only employ lots of people but also deliver value to the community when complete. Soccer is not high speed rail, but the realtively tiny investments in stadiums for Baseball and Football and soccer will add to the entertainment options in the city while also attracting tourism, jobs, etc. With this MLS thing we are talking about a microcausm of that investment, one that probably won't actually draw much from taxpayer money anyway (revenue backed bonds do not equal a "taxpayer subsidy"). But it's a way to elevate the profile of the city and fend off the recession locally. THE TASK FORCE NEEDS TO VIEW THIS PROJECT AS A WAY TO COUNTERACT THE EFFECTS OF A RECESSION!!!!! » reply
This needs a fair shakeSubmitted by Michael Pearson on Thu, 11/27/2008 - 10:35am.
Obviously there are going to be a lot of people that are automatically going to assume that this project will take away from others and that the city shouldn't be subsidizing sports, but this needs to be looked at in fair manner. The Timbers are already a well drawing team that oozes civic pride. The Beavers have been a mainstay in Portland for decades. If those city assets, which draw people from across the US and even abroad, need a small amount of help shouldn't we as a city be willing to support those teams? Sure it would be best to not be involved in building stadiums but few if any are built, especially in a downtown area with only private funds. Would Portlanders rally so quickly against help for the Blazers? This city deserves these teams and these stadiums and te owner is investing millions himself. For 1/3 what other cities are building new stadiums, Portland will have 2 that better serve our community...how is that a bad thing? I applaud the city government for giving this a chance and for understanding the benefits that come at a small cost and for moving forward with a commission to investigate what is best for the city...let's not judge this project before everything is known, we owe the city that much..stop the name calling and let's roll up our sleeves! Go Portland! Go timbers! Go Beavers! » reply
This looks like a greatSubmitted by Bob on Thu, 11/27/2008 - 10:38am.
This looks like a great group of people to examine the feasibility of bringing MLS to Portland and the possibility of two world class stadiums in our city. I especially appreciate the sensitivity of the mission statement's social principles. Just because these are stadiums that will serve pro teams doesn't mean that they have to limit the use by other citizens. Let's think creatively about ways to make PGE Park and a minor league baseball stadium into true community assets. I support this effort, especially if it doesn't draw away from other services. Thank you for your efforts! » reply
Invest in the city in every way possibleSubmitted by Bruce on Thu, 11/27/2008 - 11:11am.
If this proposal is done wisely it can benefit lots of people, several communities and elevate Portland soccer to the top level that this city deserves. MLS opportunities will not be available indefinitely. This must be pursued and if it doesn't impact general funds nor takes away from the ability for the city to pursue other bonds and projects then it makes great sense. » reply
Good PlanSubmitted by Finnegan on Thu, 11/27/2008 - 11:11am.
I appreciate the approach of opening this up publicly. I also strongly support the MLS to Portland idea. I also think that people need to read up on the proposal and on the history before commenting. It is quite frustrating dealing with some of the ignorance out there. Lets be clear - this is BONDED money which means it is new revenue that is generated through city backed bonds that will be paid back. No existing general fund monies will be touched. For the naysayers out there - one of the key facts in this whole discussion is that the City of Portland owns PGE Park. Paulson is essentially paying rent to put his two teams there. PSU Football does the same. So when you talk about use of public funds for a private enterprise - that is simply wrong. This would be the use of BONDED dollars to remodel a publicly owned facility. With the bond to be paid off through a surcharge on ticket sales. Which brings me to my second point. Why are the fans interest not represented on this task force? It is going to be the fans who make or break this proposal through the purchasing of tickets that pay off the bonds. There needs to be someone representing Timbers and Beavers season ticket holders in the least. » reply
MLS to Portland is needed.Submitted by Scott on Thu, 11/27/2008 - 1:00pm.
Portland needs another major league team. We have been a one trick pony for too long. I know this plan can be accomplished through means that don't take money away from the general fund. We need to get this done and fast so that we don't get passed up again, and they don't give the team to another city. With the current level of support for the USL Timbers I have no doubt a newly renovated PGE would be an automatic sellout for an MLS team. This would go a long way in paying back any potential bonds. » reply
Major League Soccer to Portland!Submitted by Erik on Thu, 11/27/2008 - 1:08pm.
Merrit has proven himself as a smart and effective owner of the Timbers. He paid back the debt from previous owners as an act of good faith towards the city, and he will continue to show this same responsibility bringing MLS to PDX. » reply
lies, obfuscations, and more public relations hoo-haSubmitted by Bruce on Fri, 11/28/2008 - 8:33pm.
"...he paid back the debt from the previous owners". No he didn't: there was still $28 million of debt outstanding on the PGE Park remodel as of the the last public report. » reply
Please make this happenSubmitted by Jeff on Thu, 11/27/2008 - 1:44pm.
Portland is in dire need of a second major professional sport, and soccer in Portland is a no-brainer. As many before me have said, this money is not coming out of the general fund, so doing this and still paying for infrastructure maintenance and improvements, parks, schools, etc. are not mutually exclusive. You can do both and create jobs and improve the quality of life in our great city. This is a good plan, backed by a smart owner, in a city that has a void when it comes to these types of entertainment options in the Summer. This is an investment in our city, and a pretty sound one at that. » reply
How are sports a "direSubmitted by dalas v on Fri, 11/28/2008 - 1:57pm.
How are sports a "dire need"? I think we're in dire need of moving our culture towards more constructive pastimes. » reply
The voting population inSubmitted by DaleEPaper on Sun, 11/30/2008 - 8:27am.
The voting population in this town are making G. Bush look like a genius. » reply
MLS to PDXSubmitted by Andrew Hatz on Thu, 11/27/2008 - 2:52pm.
This is a golden opportunity for the City of Portland to raise national awareness and build civic pride along with providing scores of jobs to the people of Portland in this time of economic hardship. Merritt is asking to borrow 85 million to upgrade a City owned building (PGE.) No stadium has ever been built without city money, on top of that Merit doesn't own PGE, the city does. These are safe publicly backed bonds that will be repaid, there is no downside. Let's bring MLS to Portland. » reply
New stadiumsSubmitted by Mike Warwick on Mon, 12/01/2008 - 5:30am.
The notion that there is no "downside" from publically backed bonds ignores a fairly long as well as recent history of those costs being shifted to taxpayers when the "good intentions" faded. Locally we have the WPPSS bonds as an example and nationally the financial mess San Diego is in. To say nothing about the fiction behind financing the recent improvements to Civic Stadium. » reply
Soccer City USASubmitted by Lucas on Thu, 11/27/2008 - 3:09pm.
Since the rebirth of the Timbers in 2001 Portland has begun to reclaim the title of Soccer City USA, and the city is widely recognized nationally as a hotbed of soccer support. We've had World Cup Qualifiers, Women's World Cup games, and a plethora of international friendlies; all of which have drawn great crowds. Not to mention the Timbers attendance, which has consistently grown each year, and which is now among the tops in the league (USL, one level below MLS). If this plan is indeed safe for taxpayers - and I have seen nothing yet to convince me otherwise - it is a no-brainer. I believe that sports are a vital part of any large city, and with due respect to the Beavers and Winter Hawks, Portland needs another team in a top flight league. Thanks for setting up the task force Mr. Adams. I hope it comes to the proper determination of what is good for the citizens of Portland. -Lucas » reply
Good for the whole citySubmitted by Roger on Thu, 11/27/2008 - 4:32pm.
The proposal as initially outlined works well for the whole city. People forget that the renovation of Civic Stadium/PGE Park was focused principally on bringing the facility into compliance with modern seismic and ADA requirements. By doing so, we can now finish the job and have a historic-yet-updated downtown stadium that will be a jewel for an MLS franchise, Portland State, and other events. The plan would also bring much-needed investment into Outer Southeast Portland, and bring destination spots into the Lents district by way of the restaurants and meeting spots that would surely grow around a new Beavers' stadium. Portland has a chance to raise its profile, and do so for a fraction of the cost that major league sports invevitbly requires. Please, for once, let's think big in Portland. » reply
MLS to PGE, Beavers to the Rose QuarterSubmitted by Jamey Billig on Thu, 11/27/2008 - 4:34pm.
This would be a wonderful plan at any time; Portland - already nationally know for it's unique soccer culture and the Timbers Army DIY support - gains world class soccer, Beavers baseball gets a better suited home in an area set up for events, both the west side and the Rose Quarter gain valuable infrastructure and economic invigoration, the city generates temporary and permanent, sustainable job creation, follows a "green" plan, and has no financial risk to the tax payers. As I say a wonderful plan at any time, but this is even better given the window of opportunity we are being gifted. Out of all the cities competing for the few remaining MLS spots, PDX is far and away the front runner if this plan is approved. Likely, this is not only a great plan but the only time such an opportunity will be available. MLS will likely cap the league in two to three years. If we pass now our only option would be to buy an existing club from another city at inflated prices and we'd still have to deal with stadium renovations. Consequently this is not just a great plan but the plan we need now. As a PPS high school teacher I am well aware of how tight general fund money is for basic needs versus frivolous special interests. As a life long political progressive I am equally wary of civic concessions to corporations. It is precisely because this plan is a bond issue repaid by the owner group and dedicated player salary tax that my fears are allayed. This makes good business sense; fiscally safe, not at the expense of other programs, benefit to the economy, and benefit to the community. This is simply good for the fans, good for the City, and good for Portland. This is simply a WIN-WIN-WIN! Sam Adams, my thanks for setting up this committee though I agree with the previous poster in suggesting that a spot for a representative from the fans/supporters be added. Good job! » reply
Look at the FactsSubmitted by Common Sense on Thu, 11/27/2008 - 4:51pm.
Don't let this become an emotional / culture-war issue. Any resistence to this plan seems to be based on any the following NON-RELEVANT and/or INCORRECT prejudices: *Soccer is unpatriotic or "Un-American" THE PANEL SHOULD TAKE CARE TO LOOK FOR WHETHER ANY OF THESE EMOTIONAL PERCEPTIONS ARE BEHIND ANY ANTI-COMMENTS. In fact the only valid concern would be that the benefits do not outweigh the costs for Portland. This should be the only thing considered. As one of the commenters also mentined, the city should not be afraid to invest in this project if it actually helps fend off recession. This is the time to INVEST, not hunker down. I applaud Mayor Adams for critically evaluating the overall benefits to the city and hope Portland does not miss out on a great opportunity by getting bogged down in non-issues and prejudices. » reply
This Needs to HappenSubmitted by Enkidu Kind on Thu, 11/27/2008 - 5:34pm.
Portland, this is our chance to think and act big. We have the chance to make our city the crowning jewel in a league that is gaining in popularity every year. This investment in our city would pay off in a number of ways. Most importantly, it would create jobs, help restore the economy, and become a source of pride. The USL Timbers already have one of the nation's finest supporters groups in the form of the Timbers Army. The TA would quickly become the pride of MLS. Imagine our city beamed around the world on ESPN with ranks and ranks of proud supporters filling every seat of a beautiful, remodeled PGE Park. I know I don't speak for everyone, but I don't see how this can fail if it's done properly. Mr. Paulson has thought this through very well and his plan is sound. Let's strike when the iron is hot on this and not let it pass us by. -Chris » reply
This is a good planSubmitted by Garrett on Thu, 11/27/2008 - 6:51pm.
This plan is fair and should be supported by the city. It is a perfect example of how a city should support a business. The ownership group headed by Merritt Paulson has shown themselves to be nothing but up front and honest. The city and the commission should support this plan. » reply
Media BlitzSubmitted by Uther on Fri, 11/28/2008 - 2:14am.
The plan needs to go out to the people, newspaper, tv, radio...95.5 the game or the fan preferably the game. The greater the Blitz the lesser amount of uninformed responces to the plan to bring the MLS to Portland. The city is ready and has been for several year to get a 2nd professional sports team the time is now get it done! » reply
Outside looking inSubmitted by Dev on Fri, 11/28/2008 - 8:38am.
Finnegan wrote: "I appreciate the approach of opening this up publicly. I also strongly support the MLS to Portland idea. I also think that people need to read up on the proposal and on the history before commenting. It is quite frustrating dealing with some of the ignorance out there. Lets be clear - this is BONDED money which means it is new revenue that is generated through city backed bonds that will be paid back. No existing general fund monies will be touched. For the naysayers out there - one of the key facts in this whole discussion is that the City of Portland owns PGE Park. Paulson is essentially paying rent to put his two teams there. PSU Football does the same. So when you talk about use of public funds for a private enterprise - that is simply wrong. This would be the use of BONDED dollars to remodel a publicly owned facility. With the bond to be paid off through a surcharge on ticket sales. Which brings me to my second point. Why are the fans interest not represented on this task force? It is going to be the fans who make or break this proposal through the purchasing of tickets that pay off the bonds. There needs to be someone representing Timbers and Beavers season ticket holders in the least." I could not agree more whole heartedly with Finnegans comment. Now while I do not reside in Portland (I am a coastal Washingtonian), I do travel to Portland for just about every Timbers game, thusly spending my money in the most beautiful city in the NW, and I bring with me many others. Now think if you will the added exposure of a MLS side at PGE park. The money that is currently generated from our USL side will grow exponentially. This is a no lose situation, everyone benefits, especially the city of Portland and you good folks that reside within. » reply
Charge into the future or fade into obsolescence?Submitted by Sheridan Hurd on Fri, 11/28/2008 - 9:30am.
Portland now has an opportunity to set a tone in the local economic market. We can be on the leading edge and revitalize the incredible asset that we have in PGE park or we can just settle for what we have and let it slowly fall apart. MLS has grown since its inception, Portland fits perfectly into its future. PGE park could be the jewel of the MLS, and stadium with history it could be a Fenway, Lambeau field, MSG. Merritt has proven he can pay for his obligations to the city and even pay for the mistakes of previous owners. The money for this project doesn't impact the city's general fund it is a new stream of revenue. That will never be tapped unless the city moves forward with this. No school, bridge, cop, road, or firefighter is affected by this. But they will likely enjoy benefits from the money this will inject into the city through construction, hotel taxes, and national media exposure. This will only lead to bigger and better things in Portland. Portland is Soccer City, USA and it is time for us to live up to that. This plan is well thought out, the owner is responsible, the fans rabid, it is time to charge into the future. » reply
MLS will workSubmitted by Kip Kesgard on Fri, 11/28/2008 - 10:18am.
This is the chance to do something amazing for Portland, and bring the best level of soccer to Portland. There's already passionate support for the Timbers USL team, and now we can bring that to the top level of US Soccer, while helping baseball thrive in a stadium specifically built for them. This plan is really the city and private business working together towards a common goal for the betterment of Portland as a whole. I wholeheartedly support this process, and look forward to hearing more comments in the coming months. » reply
An Outsider's ViewSubmitted by Sam on Fri, 11/28/2008 - 11:15am.
As an avid fan of soccer and MLS, as well as someone intending to move back to Portland in the next year, I am very heavily in favor of the MLS to Portland movement. The atmosphere at PGE Park for a Timbers game rivals the best MLS crowds out there today, and just imagine how much better it will be with a stadium configured for soccer. While other markets are proposing massive retail developments near their new stadiums in the suburbs, Portland has the unique opportunity to have a downtown MLS stadium without the high costs of building it from scratch. Plus the MAX station is across the street, providing much easier and cleaner access than any of the other MLS stadiums I've been to (LA, San Jose). It is important to stress that only those interested in attending events at PGE Park and the future baseball stadium are the ones that will pay for this project. I whole-heartedly agree that in a time of economic downturn a tax-payer funded stadium is not a high priority, but this is not a tax-payer funded stadium. This project is taking out a loan with the backing of the city's credit rating with the payments to be made by revenue from the events at the two stadiums. Please don't let people lose sight of how much they stand to gain with what little they have to pay. » reply
This project makes sense right nowSubmitted by Greg on Fri, 11/28/2008 - 1:36pm.
-$85 million for two stadiums is a bargain in this day and age where new facilities typically run from $200 million to over $1 billion; » reply
MLS would be well supportedSubmitted by M Sherwood on Fri, 11/28/2008 - 2:33pm.
MLS would be well supported in Portland, and will draw woman's national team matches and other high quality exhibitions to our city. A baseball stadium at the Rose Quarter could finally spur development in the Lloyd area. This would be a great project for our city. » reply
What about Lents??!!Submitted by Jeffrey Rose on Fri, 11/28/2008 - 3:55pm.
For the past several years I have been involved with the Lents Neighborhood Association and the Lents Town Center Urban Renewal Area. I have never seen a community work as hard at improving itself as Lents has- yet it seems that Lents if struggling on its own. It would be nice it the city could match the effort we are putting into the area- instead, yet again it seems, Lents is having the rug pulled out from under it. We have been working for months with the Beaver's organization to iron out the details regarding how to go about building a stadium at Lents Park- in the case that they have to move from their current location downtown. Hundreds of citizen hours have been put into this effort- will it, again, be for naught? If all of our work over the summer and fall results in the Beavers moving to the Rose Quarter instead of Lents, what does this say to residents of Lents and the entire eastside of Portland? I like you, Mr. Adams, and I've always voted for you- but how am I, and the Lents Neighborhood, not supposed to feel betrayed by this effort to refocus this effort into the Rose Quarter? And this isn't the first time we've felt this way. A couple of years ago, one of our former LNA chairs met with you to discuss the decoupling of Foster Rd. and Woodstock Blvd, in the town center. You wouldn't even allow the topic onto the table! The Beavers possible move to Lent and the decoupling of Foster and Woodstock are two issues that are extremely important to Lents; they are our biggest hopes. We want urban renewal to work in Lents, and we can't keep having our best efforts halted by politicians who ought to be supportive of us. I suggest that you come out to Lents and talk to us. We still like you! ...but our patience is beginning to wear a little thin. Jeff Rose » reply
Make the risk worth itSubmitted by Robert on Fri, 11/28/2008 - 4:33pm.
The city of Portland should ensure that the risk it is being asked to take on behalf of ALL tax-paying Portlanders is weighted by a substantial pay-off. If Merritt Paulson wants to socialize the risk, he should be willing to socialize the gain, as well. What will the city of Portland get from this relationship? I am talking about the city as a whole, not a small subset of people who are trying to project their personal emotional attachment to private commercial enterprises (i.e. "sports teams") onto the rest of the people. Sure, they might get their shiny new stadiums, but the city should get something more than that back. Since the city is essentially being asked to become a partner in this commercial endeavor, they should ask for a cut of all future revenues. Not just to pay back the bond, but beyond that, in perpetuity. Is Merritt Paulson willing to be a true partner with Portland? Or does he just see Portlanders as a "sure bet"? Furthermore, what's to stop him from moving the team? What's to stop him from making bad business decisions? What's to stop the economy from getting worse? What's to stop the city from being left in the lurch by a "privately-owned" business who just got a free handout and can't pay it back? The city should get a guarantee from Merritt Paulson that should the bonds not be paid back by a certain time, he will be guilty of defaulting on a loan and have his business forfeited to the city. But then the city would be left with a money-loser that it can't liquidate. It all appears too risky, and for what? Nothing that benefits the city as a whole. Portland city council, you better represent the best interests of the people on this one. You are accountable to all of us. » reply
Cities owning sports teams?Submitted by Garrett on Fri, 11/28/2008 - 6:09pm.
Cities owning sports teams? That makes absolutely no sense and sounds like a terrible idea. The Timbers are a tenant of PGE. The MLS Timbers would have to sign a new long term lease guaranteeing the team wouldn't be moved. The Vikings also play football there and PGE is an awful place to see football game as it is now. Oregon and OSU get to have square stadiums and separate baseball facilities...why not PSU? Adding another major league team is an additional amenity the city can offer to residents, tourists, and business at a minimal investment to the city. This will likely increase the international visibility of the city and attract more tourism. It's a solid plan for everyone involved. » reply
A great deal for allSubmitted by Annie on Fri, 11/28/2008 - 10:23pm.
In response to these quotes, I think it's important to emphasize that this is benefitial to all Portlanders, not just those "involved". I expect the additional cultural and economic benefits to pay back ALL Portlanders, even if they are directly "involved" or not, for decades. » reply
I seem to recall that theSubmitted by Erik H. on Fri, 11/28/2008 - 7:31pm.
I seem to recall that the City of Portland spent a lot of money on PGE Park, and had to forgive the loans (meaning: taxpayers ended up paying for it) made to the park operators who defaulted and ran out of town. I seem to recall that the City lost money on the Rose Quarter. I seem to recall that we were told we'd make millions with a new Convention Center. When the money didn't show up, we were told it was too small and needed to be enlarged, so we did it. When the money didn't show up, we were told we needed this massively huge hotel. Finally the boy cried wolf too many times and people started wondering. We DO NOT NEED to spend a penny, whether it be actual money or city resources (i.e. City Hall employees working on this project) when we have unpaved streets, missing sidewalks, damaged water/sewer pipes, poor intersections that need rebuilt, fire stations that need rebuilt, areas of the city lacking police protection...you know, all of those basic city functions. But I can't expect the City That Works to actually work, when we are more interested in building our way out of congestion (building more unnecessary Streetcar and MAX lines as a subsidy to rich, greedy developers) rather than fixing the transit system that we have (TriMet's extensive bus system and the MAX Blue Line to Gresham dating back to 1986.) It isn't sexy to fix things that are broken and since fixing what's broke doesn't make for good photo ops with the Portland television media for Sam to look good, it doesn't happen. The last time I checked, I vote for a Mayor for someone who does the job (run the city), not someone who looks sexy on camera throwing the first pitch at a baseball game. » reply
This is a strong argument.Submitted by dalas v on Sat, 11/29/2008 - 12:40am.
This is a strong argument. The person below you wants to discredit it. Do you have something to back up your claims? » reply
Your recollection is prettySubmitted by Greg on Fri, 11/28/2008 - 8:51pm.
Your recollection is pretty hazy there Eric, but hey, if it makes your case, then you just run with it. But seriously, I am in favor of the users shouldering more of the burden, which is the case here. Same goes for all of the unpaved streets which are being built through LID's. Makes sense to me. » reply
Remember the Last Great Sports Field DealSubmitted by Terry Parker on Fri, 11/28/2008 - 11:38pm.
I am reminded of the last great deal the City entered into to revamp Multnomah Stadium to what is now PGE Park. That gone wrong debt has yet to be repaid to Portland taxpayers. I agree with Oingo Holliday who suggested a better economic development purpose would be to budget funding to subsidize the reconstruction of the Sellwood Bridge, or even repave streets thereby reducing the backlog of road maintenance with money in hand instead of fiscally raping motorists for more tax dollars only to use the money for non-motorist infrastructure. The previous sports field debt needs to be paid off before any more good money is thrown after bad; and even then there are better necessary uses for City worker staff time and public dollars, and no need for new tax dollars if maintenance of infrastructure in place comes first, before and instead of new toys. » reply
PGE Park debtSubmitted by Greg on Sat, 11/29/2008 - 12:17am.
The Sellwood Bridge replacement is a $300 million+ project and is the responsibility of the county, not the city. The MLS/AAA baseball stadium plan is an $85 million project which will be repaid primarily through stadium related revenues which would otherwise have accrued directly into the owner's pocket. And this is a city task force, not a county task force. To require that the owner prepay bonds (which are current under the new owner) that aren't due for over a decade borders on the absurd. To blur a stadium discussion into another mindless rant about bicycle infrastructure is, well, par for the course for someone. » reply
To me it seems absurd toSubmitted by dalas v on Sat, 11/29/2008 - 12:44am.
To me it seems absurd to argue that the best and only jobs we can create to sustain this city are ticket takers, hot dog sellers, and stadium security. None of these jobs seem particularly productive or fulfilling. I'd prefer we focus on creating jobs that really enrich our community. It's harder to figure out how to make that happen, but ultimately more beneficial. » reply
Construction WorkersSubmitted by Greg on Sat, 11/29/2008 - 10:32am.
The main source of job creation in projects like this is the construction industry which sorely needs it right now. If you are going to use that line of logic, then they shouldn't bother filling any potholes either... I mean, how many new jobs does that create after the hole has been filled? » reply
I would not argue againstSubmitted by dalas v on Mon, 12/01/2008 - 5:20pm.
I would not argue against construction jobs, and I didn't include them in my statement. I'd just like to see them constructing something else. I think spending on infrastructure is going to be essential during the next few years. » reply
Bicyclists Should pay for Parking and BridgesSubmitted by Terry Parker on Tue, 12/02/2008 - 8:08pm.
Since Greg specifically brought bicycles into the discussion (I did not). He also brings up a point: Should this boondoggle get built, charge for bicycle parking at the stadium to help pay off the bonds. There is a cost to providing specialized bicycle parking and infrastructure, and it should be the freeloading pedal pushers that pay those costs – not the people who do not use it. As for the Sellwood Bridge being the responsibility of Multnomah County; true but City general fund dollars should help fund the project. Stadiums for privately owned soccer and baseball teams are not the responsibility of the City either. With the Sellwood Bridge being the busiest two-lane motor vehicle bridge in Oregon, there is far too much emphasis in the rehabilitation and replacement design alternatives for the accommodation of bicyclists. Moreover, even with the outrageous and excessive bicyclist crossing projections, motorists will still outnumber bicyclists by four to one. Multnomah County also needs to immediately implement a bicycle tax, license and registration fees so that bicyclists pay proportionately based on the amount of deck space allotted with the bridge alternative selected. With one alternative, that would require bicyclists to tax themselves for over half of the costs of a replacement bridge – bicyclists paying their own way as it should be!!!. » reply
message to the bicycle-phobeSubmitted by Greg on Sat, 12/06/2008 - 10:12am.
The stadium would be paid primarily from stadium related revenues. Roads and bridges should be paid primarily from road-related revenues. If the city decides to tax bicycles, that would be totally fine with me... there is a fair case to be made that bicycles, if taxed, should be taxed far less than cars because they weigh 1/100 as much as a car, and they do reduce auto trips, but that is outside the scope of this discussion.... but regardless, I doubt that would sway your decision on this or any other project that requires the use of public funds. Everyone knows what your game is --- complete privatization of everything, courtesy of your pals at Cato and the Cascade Policy Institute. » reply
Bullfeathers!Submitted by Mssr. Tee on Wed, 12/03/2008 - 6:22pm.
Maintaining the "county bridges" is far more important than building a soccer stadium. The residents of Portland and Multnomah County are mostly one and the same: we all know the County can't afford to fund this on their own and we also know what a bottleneck the current weight limits have placed on the regional transportation network. $85 million would go a long way towards funding a $300 million Sellwood Bridge replacement. We absolutely should conflate these two issues: it makes no sense to invest in sports facilities if we are going to let "not my jurisdiction" arguments prevent the City of Portland from contributing to MultCo. Just like homeowner doesn't buy a jacuzzi or build a sports court if their roof is leaking and the front porch is about to collapse. » reply
Actually...Submitted by Greg on Sat, 12/06/2008 - 10:21am.
...many homeowners do exactly that, but I digress. I do not see a shred of evidence that local government agencies are prioritizing a stadium over basic blocking and tackling issues like fixing roads and bridges. In the city hall/county agendas and the local media, their has been far more work done on road issues. Every stinking day I see something in the media about bridges and roads. The city has a team of planners and engineers working through road issues, forming LID's, paving and fixing streets, etc., EVERY SINGLE DAY. This stadium has been a speck on the radar by comparison. So they called in a bunch of community leaders and formed a task force. So what? It is possible to walk and chew gum at the same time, you know. » reply
I disagreeSubmitted by Steve on Sat, 12/06/2008 - 12:13pm.
"I do not see a shred of evidence that local government agencies are prioritizing a stadium over basic blocking and tackling issues like fixing roads and bridges." Funny how we can build streetcars and get money for Trams and subisdize condos and now miraculously we can find $85M for two stadia for a private enterprise after just spending $45M 7 years ago. However, Mr Adams says we need $400M to fix potholes, no plans has been made to address fixing 100+ yr old infrastructure, schools are getting any better and Sellwood bridge is a hot potato. You're right - There is not just a shred of evidence. » reply
MLS 2 PDXSubmitted by Peter Day on Sat, 11/29/2008 - 9:53am.
The City needs to help bring MLS to Portland. I would love to see the Beavers new ballpark at the Rose Quarter. If taxpayers and voters are will to pay straight cash to help the zoo, then they should be willing to help bring soccer to town. GO TIMBERS!!! » reply
A few pointsSubmitted by Steve on Sat, 11/29/2008 - 10:22am.
So much dissembling, first, the talking points: Existing City programs will not be cut to help fund the project – OK, so when Paulsen starts running out of money, who is left to pay the bonds? You guessed it CoP taxpayers. General fund monies will be touched once Paulsen falls short. To the extent possible, revenues from the MLS/baseball enterprise will be used to finance the project. – What the heck does this mean? You know Paulsen is smarter than anyone on city council. You really think he is going to let the city get any of that profit? Have you seen what his father has done with the $700B we gave him? The more financial risk the City assumes on the project, the City will need to have more control over those risks. – That worked really great when Glickman Jr and Gardiner sold Madame Vera a bill of goods to get her to throw $40M at PGE Park six years ago. No one on City Council has any idea on how to quantify financial risk. Taxpayers should see a return on the public investment in the project in 3 to 5 years. – Uh, anything of any substance on this. No MLS team is turning any kind of profit right now, so tell us where these magic beans are coming from. The other loosely constructed arguments: People incorrectly think this is taxpayer-funded – Uh, you do realize what a bond is? It is a top-line CoP obligation to pay lenders. The taxpayer is responsible for this with the faint hope Mr Paulsen will show a profit to help out. Portland is not a big league city without MSL – Great, now we’ll be right up there with Columbus, OH, Salt Lake City and Kansas City. Soccer has been trying to be the next big thing for 30+ years, get a clue – soccer ain’t it. Once Mr Spice girl left MLS is back to where it started 10 years ago. We need this project for jobs – Oh goody ticket takers and hotdog vendors – this is your economic plan Mr Adams? As far as construction jobs, we have a lot of infrastructure that is pushing 100 years old in the ground. How about hiring people to fix that? Stadiums re-vitalize parts of town – Look at the Rose Garden. Outside of 42 nights a year that area is no-mans land. Right next door is the OCC which is also moribund. So lets throw some more good money after bad and make it whole? the crowning jewel in a league that is gaining in popularity every year – Read this: Council has no idea whether this is a good deal or not and is relying on building pretty shiny things to distract people from the real issues of decent jobs and attracting employers to provide those jobs. Sports stadiums are the most threadbare object to garner public funding. Try to be more creative than taking some whole cloth and supposing it even stands consideration. Think big and be original! PS – Next time Randy takes an all-expense trip to NYC, please realize what his ego strokes will cost the taxpayers. » reply
One more thingSubmitted by Steve on Sat, 11/29/2008 - 10:32am.
FROM FORBES - Our estimates indicate the league is not yet profitable, with its 13 teams posting an operating loss (in the sense of earnings before interest, taxes and depreciation) of $20 million on revenue of $165 million. But there are signs of hope. In 2007, the three teams that were in the black--Los Angeles Galaxy, Toronto FC and FC Dallas--had a combined operating profit of $6.7 million. http://www.forbes.com/2008/09/09/mls-soccer-beckham-biz-sports-cz_kb_0909mlsvalues.html Great - After 10 years of operation, $160M income and -$20M in profits. Explain to me again how Pualsen is going to back back those debts? » reply
Talking PointsSubmitted by Greg on Sat, 11/29/2008 - 10:42am.
I agree that it makes sense to take a hard look at the numbers once they are presented. They need to be conservative, and it needs to spelled out clearly where the excess funds go, and where the shortfalls in funds come from. Fortunately, in this case, you have a situation where the Timbers draw well even when the team is terrible. In minor league baseball, the success of the team has very little impact on attendance. » reply
Great ideaSubmitted by Steve on Sat, 11/29/2008 - 11:23am.
Then let Mr Paulsen open up the Timbers books so we can se how well he can run something like this. If it makes a profit at all, then he is beating the collective MLS after 10 years of operation. Remember, Paulsen only pays the bonds IF he makes a profit - To service $40M over 30 years at 6% is about $3M a year. In sum, I honestly like sports, but the taxpayers keep gettting cleaned out by less than knowledgable elected officials when these deals "need" public money to float. I really don't see where CoP has learned anything since Sam's boss Vera. » reply
Intentionally Misleading?Submitted by Common Sense on Sat, 11/29/2008 - 11:42am.
YOUR STRAWMAN ARGUMENT USE APPROPRIATE COMPARISONS THE TIMBERS ARE PROFITABLE So thanks for your thoughts, but I get the sense you are either intentionally twisting the facts or just didn't do a lot of research. » reply
Huh?Submitted by Steve on Sat, 11/29/2008 - 1:45pm.
Did you read the article from Forbes before you accuse me of not doing research? MSL is losing money and 17 out of 20 franchises are not profitable (I think only LAX, Houston and Toronto). The profitable ones are in large cities which Portland is not. I'd love to see the Timbers books. I think like banks and Detroit asking Congress for money, Mr Paulsen really needs to present a convincing argument on why we should give him money instead of private funding. » reply
About that research...Submitted by Bob on Sat, 11/29/2008 - 2:10pm.
Maybe you should read the Forbes article yourself. You might learn that there are currently 14 teams in MLS, not 20. » reply
In a perfect world...Submitted by Greg on Sat, 11/29/2008 - 3:10pm.
...it would be great if the owners paid the full costs of stadium construction, maintenance, and surrounding infrastructure improvements. Heck, it would be great if every business pulled its own weight and had zero public subsidies or enticements. But the reality is that some businesses are scarce entities that can choose where to locate, and cities are free to "compete" in order to attract these businesses. Some cities will target a particular industry cluster in an effort to attract jobs. Other cities will focus on particular sports, recreational, and/or cultural amenities. We can choose to fund or not to fund, but the reality is that if refuse to "play ball", then those companies will be far less likely to come here. So it's a choice. Again, to repeat... even when you include this project, Portland will have by far the TINIEST PUBLIC SUBSIDY for sports stadiums of any metro in the US with at least one major sports franchise. For less than $150 million in total subsidies (many of which are repaid via stadium-related fees), Portland would have three top notch facilities that can accomodate the NBA, NHL, MLS, Division I College Football, and AAA baseball. That is an absolute bargain compared to most other cities that have shelled out a half a billion to a billion or more in order to get a similar mix of sports and entertainment options. » reply
AhemSubmitted by Steve on Sat, 11/29/2008 - 4:29pm.
"Portland will have by far the TINIEST PUBLIC SUBSIDY" Well that subsidy of $80M is by far larger than what CoP will contribute to Portland Public Schools or fixing the Sellwood Bridge. Oh snap, I forgot schools and bridges are CoP's responsibility, but funding a guy who can raise $40M for a soccer club is. If somehow we can get beyond this Portland is such a nothing town without a sports stadium and instead look at what makes a great city - good schools and infrastructure. I think we can be an example to the rest of the country worthy of emulation. » reply
Another correctionSubmitted by Steve on Sat, 11/29/2008 - 4:30pm.
"I forgot schools and bridges are CoP's responsibility" Should have read: I forgot schools and bridges are NOT CoP's responsibility » reply
The city's responsibilitySubmitted by Greg on Sat, 11/29/2008 - 5:35pm.
http://www.portlandonline.com/omf/index.cfm?c=31340&a=18178 "Simply put, an agreement known as Resolution A states that the City of Portland will primarily provide urban services to its citizens, while Multnomah County will primarily provide social services. This means that the City is responsible for public safety (law enforcement and fire), transportation infrastructure and management, parks and recreation, and water and sewer services. The County’s responsibilities to the citizens of Portland include libraries, health and human services, corrections, animal control and bridge maintenance. Many of the County’s programs rely on supplemental funding from the State of Oregon. Neither the City nor the County is responsible for primary funding of local public schools. This responsibility was given to the state legislature in 1990, when Oregon voters approved Measure 5. However, the level at which the legislature funds local schools is inadequate. Because of this, voters recently approved a temporary income tax increase in order to help provide additional financial support for local schools and county jails." In other words, this does fall within the city's area of responsibility. And if you think the city can't handle a relatively puny contribution which will be supported primarily by related revenues, maybe you should go find another city the same size which is more to your liking --- oh wait, that town doesn't exist. » reply
I guess I was too subtleSubmitted by Steve on Sat, 11/29/2008 - 7:18pm.
My point is CoP can't find a way to give money to schools or build bridges, yet building a ball park for a billionaire's son is within their bailiwick. This is getting goofy. » reply
More than just sportsSubmitted by Woody on Sat, 11/29/2008 - 12:09pm.
Sports build community. You can see it in the resurgence of the Blazer and the "Rip City" high of the city. I have witnessed first hand the impact, both monetary and social, of the Timbers/Timbers Army Community. These are not just sports fans that passively watch a soccer match. They are members of the community who often times attend other events as a group. My business is a recreational sports league who's players are 21 and over adults. We owe a debt of gratitude to the Timbers and Timbers Army community as they were some of the very first participants over 3 years ago and they continue to support our business. Without them, we would not have grown as fast or hired as many people. I can only imagine if the stakes are raised. Imagine 5000 Timbers supporters attending your events, buying your products and talking about them with 4,999 others. Thank you Portland for supporting such a great sport and community. » reply
Uh, some logic pleaseSubmitted by Steve on Sat, 11/29/2008 - 1:48pm.
"Imagine 5000 Timbers supporters attending your events" That is 5000 out of about 1.5M in the Metro area, isn't $80M a lot to spend on 5000 people? The Blazers draw 3x as many for about 8x as many games. So by your logic should we give the Blazers that much more money? » reply
You fail to mention...Submitted by Bob on Sat, 11/29/2008 - 2:28pm.
...the Beavers drew 360,772 in 2008 and the Timbers drew 128,509 (that number will more than double with an MLS side). Just like the Blazers, who drew something like 670,000, these teams are a part of our community. They offer reasonably priced family entertainment. » reply
Growing AttendanceSubmitted by Andrea on Sat, 11/29/2008 - 4:57pm.
Attendance for Timbers games grew considerably with the 2007 season http://portlandtimbers.com/newsroom/headlines/index.html?article_id=577. The largest attendance records happen when they are playing against better known/more dynamic teams...something that would happen with regularity as an MLS team. The Timbers also managed to gain support and add to its already avid fan base during a season where they didn't have the best record which is a difficult feat for even the best established and oldest teams and franchises. We've been afforded this great opportunity to join Major League Soccer at a time when attendance and enthusiasm are on the rise. We should grab it while we can and support that growth, not stifle it. » reply
The City of Portland gaveSubmitted by Garrett on Sat, 11/29/2008 - 5:39pm.
The City of Portland gave Paul Allen $34.5 million to build the Rose Garden, an additional $10 million bond and transferred him the land. That was agreed to in 1991-1993...I'm not really sure exactly on the dates but I'm positive about the money numbers above. Considering You're comparing a passionate supporters group of 5000 from a minor league soccer franchise to a major league NBA franchise fan base. Average attendance to the Timbers was over 8,000 and over 5,000 for the Beavers. I would assume that if either were major league that attendance would be up. It's not really fair to compare the attendance of a NBA franchise that's been in town for 30+ years with a minor league sports team that has existed since 2001. » reply
2.2 million, not 1.5 millionSubmitted by Greg on Sat, 11/29/2008 - 2:27pm.
Or 2.6 million if you include Salem (which the 2000 Census did, but the 2010 Census likely won't). » reply
Portland is one market thatSubmitted by T on Sat, 11/29/2008 - 5:24pm.
Portland is one market that can actually benefit from MLS more than it could from NFL/MLB. The required investment is less, yet the room for growth is incredible. It's like buying a blue chip stock years before it valuates. » reply
PleaseSubmitted by Steve on Sat, 11/29/2008 - 7:15pm.
"The required investment is less, yet the room for growth is incredible." Great, then Paulsen should have investors lined up waiting to give him money. Instead, if MSL flounders like it is in 11 out of 14 towns, Paulsen leaves and we get stuck with the bill. When is everyone here going to get beyond this small-town mentality that we need a sports team to put us on the map? We can be a great city to live in with good schools and decent employment. This stadium does neither. Funding a millionaires dreams by being manipulated by him is small-thinking and desperate. Vera got taken to the cleaners before and it will happen again. » reply
PleaseSubmitted by Dave on Mon, 12/01/2008 - 10:16am.
Please don't feed the Portland Tribune troll. Little niche group of unhappy little men who have never seen any public use of funds they agreed with. Pay no attention to the constant mangling of the name of the subject league at hand, MLS, or the willingness to make up numbers as he goes, or the total ignorance about the growth of the league, or any other topic germane to the conversation instead of feeding his own ego. This is a commenter who thinks up a talking point and then selectively googles argumentive corraborating evidence. The truths are always half-truths, the "facts" are other people's opinions, and nothing you say will ever convince him what would be in the public's best interest because he has never cared about the community of Portland in the first place. The constant whining about Vera, using Paulson's family name as an epithet, and talking about when Paulson fails versus if just makes the useless nature of discussion with him that much more easily apparent. But let's not pretend this person has the first foggiest clue about the discussion at hand. You can lift 95% of the arguments here and plop them right into place next time there's a chance to give public feedback on MAX expansion or pedestrian bridges or what have you. Portland has always been a city willing to think big and commit to a vision. Don't be small like this person. » reply
Soccer City USASubmitted by Sean on Sat, 11/29/2008 - 8:38pm.
50 years ago American Football was played by trades men who had day jobs. The money was in baseball. » reply
DreamSubmitted by Finnegan on Sat, 11/29/2008 - 8:54pm.
Steve, What makes you think this is just a millionaires dream? This is a dream of alot of people in this town and these folks are voicing that here in this forum as well. We routinely fund things with public dollars all the time that do not necessarily turn a profit. The Zoo is a great example of this. The Zoo brings great joy to many children and adults. But at the end of the day it is a entertainment business that is being heavily subsidized by the taxpayers of the Metro region. I personally dont give a rip about seeing animals in a cage. Does that mean there shouldn't be a zoo? That it doesn't provide an important social benefit? Of course not. The Portland Timbers and Beavers provide affordable family entertainment for over 500,000 Portlanders last year. That number would probably double in MLS. That is an awful lot of people. And 85 Million dollars in bonds is an awfully small amount to make that many people feel an even great connection to their community. » reply
OKSubmitted by Steve on Sun, 11/30/2008 - 8:48am.
"This is a dream of a lot of people in this town" OK, here's another couple of dreams: As far as the zoo: If Mr Adams wants to put this up for a vote or show in the city charter where subsiddizing sports teams is the city' respsonsibility - OK. » reply
Cultural and EntertainmentSubmitted by Cully on Mon, 12/01/2008 - 12:46pm.
Cultural and Entertainment opportunities are part of quality of life and I think there is a strong statement about quality of the city's charter so there you go. It actually is the city's responsibility to use our tax money to contribute to quality of life in Portland. And the other stuff you mentioned - you're just peddling the misconception that it's this project or school funding or some other basic service. Read the charter of this group before you chime in with comments and waste our time. Their stated objective is that this project should not take away from basic services. » reply
Once againSubmitted by Steve on Mon, 12/01/2008 - 7:03pm.
The proposal to fund this will be thru bonds. CoP will issue the bonds and be the entity that pays back the bonds. The hope is that Mr Paulsen will earn enough profit to reimburse CoP for the bonds. In any case, CoP will have to pay back the bonds. If this project flops, then funds will have to come from someplace and most likely the general fund. I'd still love to see the Timbers' books to see if they are even close to making a profit with all of the enamored fans. I am hoping this is part of the public process for us to generate $85M of debt on his behalf. If Mr Paulsen doesn't make a profit, then we make up the bond payments. » reply
Greg wrote: "Neither theSubmitted by Erik H. on Sat, 11/29/2008 - 8:55pm.
Greg wrote: "Neither the City nor the County is responsible for primary funding of local public schools." Wasn't it about five, six years ago, that the City of Portland directly funded schools in what could best be described as a bailout of Portland Public Schools (and ultimately had to be expanded to include the David Douglas and Parkrose School Districts)? If the City of Portland isn't responsible for school funding, has those funds been repaid by the respective school districts? In a broader sense - citizens of this country have overwhelmingly stated that public education **IS** a function of the government. Citizens of this country have also overwhelmingly stated that for-profit sporting teams are **NOT** a function of government. If the City of Portland feels necessary to spend public resources for a sports team, will the City of Portland provide me with subsidized rent for my new business to make widgets? Or subsidized (below market-rate) parking in a city-owned parking garage for my new fleet of gasoline powered delivery vehicles on Hummer chassis? The winner here isn't the City of Portland, but the owner of a soccer team. Where is the City of Portland's support for, say, the Winter Hawks? Is the City issuing bonds to rebuild P.I.R. to support IndyCar or NASCAR racing? (The track was recently repaved using money from an enterprise fund, which is completely separate from the taxpayer supported general fund. Why can't PGE Park improvements be funded in the same manner?) » reply
Thanks Eric...Submitted by Greg on Sat, 11/29/2008 - 9:31pm.
...for giving me credit for a quote I took from the city's website. On what basis is your claim that citizens all over the country are "overwhelmingly" against any public participation in stadium funding? This is pure fiction. » reply
RentSubmitted by yabollox on Sat, 11/29/2008 - 9:22pm.
As a Portland tax payer I would like PGE Park rented to a tenant for it's Highest income potential and best use. That would be MLS. » reply
That tenant was the Portland BeaversSubmitted by Steve on Sun, 11/30/2008 - 8:44am.
$40M and 7 yrs ago » reply
An MLS team at PGE parkSubmitted by Yabollox on Sun, 11/30/2008 - 6:04pm.
An MLS team at PGE park would modestly bring in 10-15,000 fans a game. The off spin of this is good for everybody. If I did not belive this would be a win win I would not back this. » reply
RealitySubmitted by Dave on Mon, 12/01/2008 - 10:30am.
The large majority of that renovation money was used to bring PGE Park up to ADA and seismic code. Otherwise the stadium would have been shut down completely as being unsafe. So what you support is not maintaining public property, not receiving the best tenant rates possible, and letting the structures fall into disrepair and condemnation through your own tight-fistedness. » reply
I'm for it.Submitted by Ben on Sat, 11/29/2008 - 9:29pm.
Well, it seems that there are two individuals who are VERY against it on this board and many who are for it. I'm a sports fan. I enjoy attending events with my friends, following the team, learning about other teams. I would be happy to pay some taxes to bring about a Major League Soccer team (that's MLS by the way), but that is not what is being proposed here. I do think that Merrit's plan should be backed by other assets of he and any other investors. That should be vetted to cover any event that the team does not become profitable enough to pay back the bonds. I personally do not see that happening. I go to these games. I know the fervent soccer fans in this area. If you know enough about Seattle's soccer support, the fact that they have sold over 18,000 season tickets means that Portland will do just fine. I've been to games there, including international friendlies and was surprised by how few people would attend. Portland on the other hand has a much stronger support base. So, let's get a good review of the plan, make sure the owner shows he can back up whatever doesn't pay for itself through revenue, and get this town a team! Oh, I'm not a huge fan of baseball but, I do agree that it would be nice to put it out at Lents park. That would greatly improve the east side and bring some much needed improvements. I don't understand why people think sports don't improve communities or bring in revenue. I think the committee should look at the revenues gained during the Womens World Cup. That would show some of the benefits of large soccer events. Mr. Adams and committee, please take a good look at this, get Portland a great deal, protect the tax payers, and attend a MLS game or two. Thanks much, Ben » reply
Thanks Ben!!Submitted by Jeffrey Rose on Sun, 11/30/2008 - 7:46am.
I'm Happy to see that after months of Lents Park being the focus of the relocation effort (should we get major league soccer) there is one person who will still mention Lents! As someone that has dedicated a great deal of time troubleshooting the idea and talking to residents around the park who would be affected by it- I really appreciate it a lot! This morning, pondering some other neighborhood issues, I started to think about just how valuable to the neighborhood those few hundred jobs would be- WILL be in the future! Of course everyone knows that Lents Park is in an urban renewal area, and that the city is requiring us to spend nearly a third of our tax increment dollars on affordable and low-income housing. The Portland Metropolitan Area is, supposedly, going to grow by a million residents over the next 25 years. With the core of Lents designated as a regional "town center" in METRO's 2040 plan, I think many of those people should end up living in the Lents Town Center. A portion of the new housing should be designated as affordable housing (supported with our housing "set-aside"). The people that live there are going to need jobs. The Beavers organization has told us that the jobs they provide will be family wage jobs, and that they will be offered to Lents residents first. If Sam, or any other city officials want us to provided a greater amount of of urban renewal funds on affordable housing- he ought to vigorously support the effort the Beavers have put into moving to Lents Park. Don't just expect us to provide housing for low-income residents then lure their potential jobs AWAY from the neighborhood! Jeesh! Jeff Rose » reply
Soccer/Baseball commentsSubmitted by Margaret DeLacy on Sat, 11/29/2008 - 9:37pm.
The criteria for evaluating the proposal are inadequate "Existing City programs will not be cut to help fund the project. Before any city assets are spent (including the goodwill involved in bonding) the question that must be asked is whether this is the MOST productive way the city could invest its next dollar--not whether it will pay for itself. There are plenty of projects that would yield some return on investment--far more than the city can actually fund. If this would yield $1.25 for the dollar and some other project would yield $1.50 for the dollar then the latter project is a better choice--assuming that the city wants to get into the investment business at all. If we had $85m to spend on anything, is this the most Suppose, for example, we added $85m to our school system--for example, by fixing up Benson HS and creating state-of-the art training in green technologies, funding more dual-credit programs, and adding new Advanced Placement classes to every High School. What sort of return might that yield in new jobs and investments? --assuming that for once Portland Public Schools actually spent the money wisely? My guess is that the multiplier effect would be much greater. The upfront benefits for new construction are the same whether they go to stadium seats or schoolrooms, but after the construction is completed, every dollar spent on a school pays a living-wage salary to a teacher and produces a more productive graduate and attracts new businesses and families to Portland all at the same time. Stadiums do provide entertainment, but they don't make anyone more productive and the few stadium jobs that are created are mostly at minimum wage or even below (part-time). In addition, the full costs of the project also must be considered in the cost/benefit analysis, such as the delays extra stadium traffic may cause for commuters, extra infrastructure needs, the unproductive use of land for parking lots, litter, undesirable businesses (bars, prostitution) in neighborhoods, loss of the stadium land to other uses, the power consumption and light pollution from field lighting etc. It seems to me that the Rose Garden has blighted, not benefited that section of Portland, and stadium projects in many other cities I have visited are also surrounded by ugly and unappealing business districts. This suggests that the costs may outweigh the benefits. » reply
Finance 101Submitted by NIMBY on Sat, 11/29/2008 - 10:28pm.
Margaret, Your comment basically explains the concepts of opportunity cost and total cost of ownership. Surely the members of the panel and most commenters are familiar with these concepts. However, you also stumbled upon another finance/accounting concept that works against your argument - the idea of product contribution margin. Couple facts to clear up first - a Rose Garde baseball facility would squeeze more regular revenue out of existing parking facilities and other infrastructure. Upgrades to PGE park would generate more revenue out of that facility. Think of these facilities as existing capacity on an assembly line and baseball and soccer as products on that assembly line. You suggest that Rose Garden properties may be under utilized and may would agree that existing PGE park has capacity that could also be filled. This is like Portland owning a factory with machines that are just sitting idle. If you owned that factory, it would be better to have that capacity being used. Baseball and Soccer are products that help us do that. The contribution margin offered by Baseball and Soccer help us cover the fixed costs of this capacity, even with a little extra investment in maintenance to get those machines up and running at full capacity. There are plenty of business cases that outline mistakes made by managers who didn't understand contribution margin and cut products that individually didn't look like huge money makers, forgetting that by cutting those product lines they end up paying for idled capacity that is not generating revenue. When the city is maximizing the use of assets that we all already pay for, we are in an even better position to have both because we aren't saddled with the opportunity cost and real unfunded expenses of idle infrastructure. Even crime could |
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Seems like there are better
Seems like there are better projects to invest in that would provide financial and social returns to the city. I don't think passive spectator roles are appropriate for the current climate. I'd like to see "city pride" continue to be defined by our advances in areas that are important to sustainability and active participation, and I don't think LEED certification of another sports arena really achieves that.
I'm sure I'm massively outnumbered. Maybe we could at least have the food vendors serving local, quality food instead of junk? We need to remold the next generation's expectations of this experience if nothing else. The current generation probably wants to eat ballpark junk because it's part of what defines the experience for them, but I don't think it's necessary to continue a tradition if it's detrimental.