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RE: LeoThread 2025-11-02 14-20

in LeoFinancelast month

Part 8/12:

Both cities are working within the framework of public-private partnerships to fund new stadiums. Portland's plan involves a sizable public investment of $800 million, funded through an Illinois-like jock tax, which would increase income taxes on team employees and players to generate revenue. The ownership group remains somewhat opaque, but investor backing appears promising.

Salt Lake City benefits from a committed ownership group and an existing public funding agreement. Utah’s government has earmarked nearly $900 million in public funds, signaling strong political support.

Why MLB Wants This Fight