Initiative Behind Portland’s Bid for MLB Team Reaches Deal with City’s Port for 45-Acre Ballpark Site – CoStar
The Portland Diamond Project noted in an announcement this past week that it reached an agreement in principle with the Port of Portland to develop a ballpark on a 45-acre site, dubbed Terminal 2. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured as a long-term lease.