Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Portland's stadium project moves forward
by Ridge Mahoney, February 4th, 2010 6:45AM

MOST READ


[MLS] He still needs to find a home for his baseball team, so despite obtaining formal approval by the Portland City Council to renovate PGE Park, Portland Timbers owner Merritt Paulson still has some work to do. But his push to upgrade the Timbers from Division II status to major league for the 2011 season is on track. Nearly two weeks after Paulson and the council concluded discussions that produced an agreement for a public-private partnership, the $31 million deal received sanction from the city council Wednesday in a 4-1 vote.

Commissioner Amanda Fritz voted against the deal. Mayor Sam Adams and commissioners Nick Fish, Randy Leonard and Dan Saltzman all voted for it, ending nearly a year of discussions and impasses. Community members objected to another renovation - the second in the last nine years for a facility opened in 1926 - and the costs that could be better spent on city services and improvements.

A major sticking point had been Paulson's reluctance to personally guarantee the work would be finished if his company, Peregrine LLC, failed to do so. Once Paulson and his father, former Treasury Secretary Henry Paulson, provided a guarantee, the city council approved the deal in principle and allowed renovations to begin. They have also guaranteed operating revenues for 25 years and that the team will play in Portland during that time.

PGE Park will be converted into a 20,000-seat facility, with enough room for 4,000 additional seats. It will host Portland State football games and other events in addition to MLS and exhibition matches. Work will be suspended for the baseball season that runs from early spring to late summer, and resume once the season is finished.

To finance the renovation, the Paulsons will pay $8 million directly and make a $11.1 construction loan - funded by ticket sales -- to the city through its Spectator Facilities Fund. The city's share of $11.9 million will be generated by bond sales and use of the spectators fund.

PGE Park hosted a U.S.-Costa Rica World Cup qualifier in 1997 and Women's World Cup matches in 1999 and 2003. As part of the renovation, the field will be shifted to better utilize space created by removal of the baseball dugouts. More than 1,000 club seats will be installed on the stadium's east side as well as a restaurant and a sports rehabilitation clinic, and the restroom and concession facilities are to be expanded and upgraded.

Paulson's baseball team, the Beavers, will be without a home once the baseball season is over. Three possible sites have been proposed and rejected. Yet come the spring of 2011, PGE Park is supposed to be ready for MLS.

 

 



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
What They're Saying    
"Everyone wants to get through the first round: That's our goal. Jurgen [Klinsmann] has said, 'Our ...
Scores PK, plows down coach, red-carded    
[VIDEO PICK: Off the Post] In Scotland, Hearts captain Jamie Hamill converted a penalty kick against ...
Fox Sports named AYSO premier sponsor    
[SOCCER BUSINESS] The American Youth Soccer Organization (AYSO) has concluded a wide-ranging partnership with Fox Sports, ...
U.S. U-20s fall to River Plate in Super Group final    
[DALLAS CUP] The U.S. under-20 national team dropped a 2-0 decision to River Plate in the ...
Noyola and Souza team up for first Dash victory    
[NWSL: Week 2] The expansion Houston Dash got two goals from Teresa Noyola to rally for ...
Will Johnson: Timbers must face the reality    
[MLS SPOTLIGHT] The Portland Timbers remain winless in seven games after another loss to old nemesis ...
Los Dos move into top spot    
[USL PRO: Week 5] LA Galaxy II got goals from Galaxy loan players Charlie Rugg and ...
Boyd scores twice, Bedoya adds goal in big Nantes win    
[AMERICANS ABROAD] Terrence Boyd scored two goals -- his first goals in seven weeks -- as ...
Girls soccer handle takes on life of its own    
[SOCIAL MEDIA WATCH] SoccerGirlProblems (@SoccerGrlProbs) launched in 2011 to tweet humorously about the soccer problems of ...
De Grandpre returns to Red Bulls    
[MLS SPOTLIGHT] Marc de Grandpre is back with the New York Red Bulls, having been hired ...
>> Soccer America Daily Archives