Stadium would be big win study says

Stadium would be big win study says

first_imgA glowing economic analysis of a proposal to build a $22.7 million stadium at Clark College estimates the project would generate $206.5 million over the expected 20-year term of the public-private investment.The Columbia River Economic Development Council, which commissioned the study, passed a resolution supporting the project.The proposal has drawn criticism because it would be partially financed with a countywide 5 percent admissions tax.The $206.5 million figure includes $34.5 million from construction, $4.6 million annually from the Yakima Bears and another $4 million annually from using the stadium to host regional and national tournaments.Short Season LLC, the owners of the Yakima Bears, announced plans in May to move the team to Vancouver to fill the void left by the Portland Beavers.When the Beavers left for Tucson, the Portland area became the largest metropolitan area in the country with no professional baseball team. The closest squad, the Salem-Keizer Volcanoes, has seen attendance increase 27 percent.“The Bears should be able to draw greater per game attendance than the estimated 2,900,” the study says. “It would not be unreasonable to see average per game attendance closer to 3,400-3,500.”As part of the move, Short Season LLC asked county commissioners to impose the admissions tax to fund a 70-30 public-private split to build the stadium.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *