ideal case scenario ($800m stadium, ideal Oregon tax environment, current 30y t-bond) Guessing it would take 33-34 years to pay off the stadium on “jock tax”. 42-45 years more realistic. Pencils out? Marginal @ best. Would still vote against it on principle & waste of Oregon’s bonding resources. - ThreadSky

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flatcapgoalkeeper.bsky.social • 2 days ago

ideal case scenario ($800m stadium, ideal Oregon tax environment, current 30y t-bond)

Guessing it would take 33-34 years to pay off the stadium on “jock tax”. 42-45 years more realistic.

Pencils out? Marginal @ best. Would still vote against it on principle & waste of Oregon’s bonding resources.

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steeple3k.bsky.social•2 days ago

That state funding was not intended to pay for the entire cost of the stadium. In 2003 it was set at $150 million for what was expected to be a $500-$600mil stadium.

steeple3k.bsky.social•2 days ago

MLB total salaries have doubled since then, as has the cost of stadiums (if not more). Amending that bill to provide for $250-$300 million in bonds would be within the scope of the original bill.

flatcapgoalkeeper.bsky.social•2 days ago

Agreed. Going off what I read they’re asking for.

Also I am not against public financing per see- just against the public floating the whole boat & taking all the risk. If it is a deal that makes sense for the public. The bill - from what I remember - was written that way.

steeple3k.bsky.social•2 days ago

I spent countless hours in 2002 and 2003 volunteering at events helping to educate people about the bill. Some public funding is fine, 100% public funding is bad.

jblairpdx.bsky.social•2 days ago

We also have a fed govt zig zagging everywhere on tax issues that we can't trust won't come in and wreck house on the ability to tax visiting players...

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