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RE: LeoThread 2025-04-18 12:54

in LeoFinance6 months ago

Part 2/7:

Recently, the Oregon Democratic-controlled Senate approved a crucial proposal, referred to as the “jock tax.” However, it’s vital to note that this plan is not yet finalized; it awaits approval from the House and the governor's signature. This jock tax essentially allows the state to tax professional athletes' incomes to help finance a proposed $800 million stadium project that would host a new MLB team.

The proposal has raised hopes but still requires further steps to become law. If everything goes according to plan, it could facilitate the development of a state-of-the-art stadium on a 33-acre site along the Wamit River known as Zidel Yards, which Design Group Populus has beautifully rendered, showcasing a modern ballpark with a retractable glass roof.

Financing the Stadium