Public funding for sports stadiums faced sharp criticism during the Oregon Senate Committee on Finance and Revenue meeting on March 31, 2025. Expert testimony highlighted a wealth of research, including studies from Harvard and the Federal Reserve Bank, concluding that investing taxpayer money in sports facilities is largely a poor financial decision.

Key findings from the research presented by Mr. Wright emphasized that public expenditures on stadiums yield minimal economic returns for residents. He stated, “The physical returns for residents in the form of increased economic activity and job growth are far smaller than public expenditures.” Furthermore, he pointed out that new stadiums do not create new spending; instead, they merely shift economic activity from other areas, leading to a net loss in commerce for surrounding neighborhoods.

Wright also criticized the claims made by team owners regarding the economic benefits of new stadiums, labeling their reports as flawed or misleading. He argued that the hundreds of millions of dollars often spent on these projects do not translate into the promised fiscal booms for cities or regions.

As the discussion unfolded, concerns were raised about the broader economic climate in Oregon, with mounting trade tensions and cuts to federal jobs adding to the uncertainty. Wright cautioned that passing such a bill would send a troubling message to Oregonians, especially given the state’s reliance on government-funded services.

In conclusion, the committee's deliberations underscored a significant skepticism towards public funding for sports stadiums, with experts urging lawmakers to reconsider the implications of such investments in light of extensive research and current economic challenges.