The Senate Committee on Finance and Revenue convened on March 31, 2025, to discuss Senate Bill 110, which aims to update provisions related to Portland's Diamond Project. Proponents of the bill emphasized the necessity of moving forward with the project, framing it as a critical step for the city and asserting that it does not introduce a new tax but rather conditions funding on securing a team for the project.

However, the meeting revealed significant opposition to the bill, particularly from Andrew Allen, who raised concerns about the timing and implications of advancing such a project amid economic uncertainty. He highlighted the potential for reduced federal funding and a looming state budget deficit, warning that economically depressed counties in Oregon could suffer severe consequences, including the loss of essential services like hospitals.

Allen argued that proceeding with the bill could be perceived as politically insensitive, given the struggles faced by poorer regions in the state. He urged the committee to reconsider the necessity of the bill at this time, suggesting it could be deferred until the next legislative session to better assess the economic landscape.

Additionally, Allen pointed out potential risks within the bill's language, particularly regarding financial liabilities if the project fails to materialize. He referenced a cautionary example from South Carolina, where a significant public investment in a failed nuclear project left the state with substantial financial burdens.

The committee's discussions underscored a divide between those advocating for the Diamond Project as a vital investment for Portland and those cautioning against the risks associated with advancing such initiatives during a period of economic instability. The outcome of this meeting may influence future legislative actions and funding decisions in Oregon.