The Portland Diamond Project has signed a letter of intent to purchase Zidell Yards, a key step towards bringing a Major League Baseball team to Portland.
Mayor Ted Wheeler expressed optimism about the project, stating, 'This is a tremendous opportunity to shape our waterfront, create new economic opportunities, and build a vibrant and sustainable neighborhood.'
The consensus among the Portland City Council is supportive, as they voted unanimously for a resolution backing the efforts to secure an MLB team.
Despite optimism, experts caution that professional sports teams may not deliver the broad economic impact that supporters typically expect from such projects.
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