What could the Portland Beavers do for the Beaverton, Oregon, real estate market and the economy if they become the Beaverton Beavers? There are a lot of factors that weas citizens of the City of Beaverton need to take in to consideration before we say yes or no to the Beavers moving to Beaverton, but in the end, in my humble opinion,I think this could be a great thing for the City of Beaverton and I’m not just saying that because I love baseball.
The first thing we need to consider is the impact on the area when it comes to traffic. Below you can see where they are planning to build the stadium. (The old Westgate Theater location) Now, as we know, the traffic in that area at rush hour can already be a headache, especially at Hall and Farmington and Canyon crossings. So that isone thing that would need to be fixed.
We do have MAX that goes right by the proposed location so the fans in Portland that already take MAX to the games or the fans from Hillsboro that took MAX won’t have to change how they get to the game. Plus, for those of us who drive, there now will be a heck of a lot more parking. All that baseball money coming in is directly impacting our local economy and real estate market here in Beaverton, Oregon
How will this parking help the City of Beaverton and its failed real estate deals? Remember “The Round” the failed condo project right in the middle of Beaverton that wa sbuilt on the MAX tracks and was built to be a work / live condo community but has been owned, with the city, by a few people now and each time has had to file for bankruptcy? Well, this could be a huge boost to that project! They could use their now empty parking lot as an income stream on game nights.(Hopefully for concerts also.)
What will this do for the local economy? The local restaurants, many within walking distance of the stadium, would get a huge boost to their business and that would mean more jobs for the City of Beaverton residents. (That doesn’t include the construction jobs brought on by building the stadium or the people working for the stadium when it does open.)
Could this mean lower taxes for the residents of Beaverton? Possibly. The city could charge a luxury income tax like the City of Portland did and get a little bit of each players income when they play in Beaverton. The tax income that would be created from the stadium’s income could off set our local property taxes and income tax. (MAYBE) Also there will be more jobs and with more jobs, comes more income tax coming in from each of the jobs that the stadium created. With this there could possibly be more home ownership and with more ownership comes higher property values and more income for the city from property taxes.
I think this is a great thing for the City of Beaverton and I applaud Mayor Doyle and his staff for out of the box thinking over the past year that really is making the City of Beaverton a great place to live.
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