Oregon: Portland City Council

Yesterday, the Portland City Council approved $60 million in public funds to help bring Major League Soccer to the city. Some notes on the financial deal from the AP: The $60 million would go to renovating PGE Park to meet MLS specifications, and building a new ballpark for the Portland Beavers, the city's Triple-A baseball team. Merritt Paulson, son of former Treasury Secretary Henry Paulson, would pay $40 million for the franchise and contribute $12.5 million toward construction. He also pledged to raise $11.8 million from other sources. Part of the package had involved using $15 million in tax revenue...