Beaverton, Paulson sign deal

Plans to build a new Beaverton stadium for the Portland Beavers would cost $59 million.

Share this article!

If the proposal is approved, the Portland Beavers would have a new stadium built in Beaverton for $59 million, 60% of which would be covered by taxpayers.

Mayor Denny Doyle and city staff say they expect the average Beaverton homeowner to see an increase of around $5 a month in utility and property taxes if the deal goes through, money that would pay off city-issued bonds for the project.

“We’re trying to minimize the impact on taxpayers, but as time marches on, the potential is tremendous for what this project can do,” Doyle said. “We have to give it a hard look and make it work.”

Read the full story at the Portland Tribune.

{biztweet}Portland Beavers Beaverton Paulson{/biztweet}

Latest from Oregon Business Team