The Portland effort bears striking similarities to Montreal’s recently launched efforts. Both underestimate the cost of the stadium and the cost to acquire a franchise. Montreal’s study pegs the total cost at just over $1 billion, which would’ve been a better bet three or four years ago, during the recession and before the new national TV contracts. It’s hard to see any team being available for less than $600 million, maybe even $700 million because the revenue streams are so attractive. That would put the total cost at a combined $1.2 billion, maybe $1.3 billion when including infrastructure and land. Both cities also appear to be dependent on a rich investor group or corporation to fund the private side. That’s a lot to ask for, essentially a subsidy to be borne by a company.
Both teams stand a good chance of being future revenue sharing recipients, even with new ballparks in place.I explained back in October that MLB will never land in Portland, largely because TV markets are now more important than ticket sales in a lot of ways. And Oregon just cannot compete with places like West/Central Florida, Montreal, or New Jersey.