The State of Oregon's 2002 legislature authorized the City of Portland to collect the income tax from player and workers that would work within a stadium boundry. Like urban renewal, bonds would be issued, and the increase in tax revenue from the new workers (or in the renewal sense, higher property taxes collected due to higher property values) would be directed back into the stadium to pay off the bonds.
The State however did not authorize the city or sports authority to back bonds for the entire stadium even if a financing plan could be worked out.
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make paradise, tear up a parking lot
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