While this is not a done deal, it is a positive sign to see things progressing at a good pace. There will be a community meeting on April 1st at Hadlock Field beginning at 6pm and the City Council will meet on April 7th to vote on approving the lease.
The City Council has offered a proposed NBA Development League team a lease to use the Portland Expo for the next five years, with an option for five more.
The city would basically break even on the rent, which would be $42,000 for the first year and would increase over time to keep pace with inflation. The team, however, would pay for $250,000 in building improvements and would be responsible for all the operating costs related to its games.
While this won't be a big money-maker, it still looks like a good deal for Portland.
Restaurants and other businesses in the Parkside neighborhood should benefit from having a wintertime counterpart to the Portland Sea Dogs for bringing in customers.
Friday, March 28, 2008
The Portland Press Herald reported today that strides are being made to bring an NBA D-League team to Portland:
Posted by Justin Poulin at 9:21 AM