The Portland Diamond Project, the management group that is seeking to bring Major League Baseball to Portland, has made two formal offers on large parcels of land for the purposes of building a 32,000-seat ballpark and large-scale development.
Formal offers were delivered to “an industrial manufacturing company in Northwest Portland for the property including and immediately adjacent to the company’s headquarters” and to the Portland Public Schools for its Blanchard Education Center and the surrounding property, which is located north of the Rose Quarter.
The plans for the development include workforce and market-rate housing, retail and hospitality development, which PDP says will bring more than 4,500 new jobs to the city.
The management team says it does not intend to ask the city or legislature to create any new programs to fund the ballpark.
Craig Cheek, a retired Nike vice present and the president and managing director of the PDP. said, ”Our team has commissioned a comprehensive economic study of both sites, and preliminary reports indicate both possess the right mix of infrastructure and proximity to Portland’s downtown, which we believe serves us very well and is a best practice in other thriving MLB markets.
“Additionally, both districts have ample room for multi-family development, which can help alleviate Portland’s housing crisis. We’re planning to pave the way for 8,000 new workforce and market-rate apartments to create a vibrant, walkable community around the facility, wherever it lands.”
Others named as part of the PDP include former Trail Blazers announcer Mike Barrett, a managing partner, and former Oregon State Senator Jason Atkinson, who is also a managing partner and the group’s strategic business director.
The group has retained the Kansas City firm Populous Architects, which has designed more than 20 MLB ballparks, to design the venue in conjunction with Portland’s TVA Architects.
Irwin Raij, of New York sports and entertainment law firm O’Melveny & Myers LLP, has been retained as a legal advisor.
The group says it commissioned an in-depth economic study from Conventions, Sports & Leisure International (CSL), a leading advisory and planning firm for the convention, sports, entertainment and visitor industries, and it found that an urban ballpark in Portland would create 800 construction jobs and 4,500 permanent jobs in the city, with an economic impact of nearly $10 billion over 30 years.
Barrett, the spokesman for PDP, said, “Over the past year we have exhaustively examined commercial properties where we can develop a ballpark for a Major League Baseball team. The social, economic and cultural impacts of having an MLB team here are overwhelmingly positive.”