The Portland Trail Blazers are the only top tier professional sports team in Portland until the Portland Timbers move up to MLS soccer next year. Much of the city lives and breaths our playoff bound team; especially this time of year. I am sure there are all sorts of economic analysis of the impact that the Blazers have on the overall economy but what about their impact on Portland real estate?
A search of the tax records on RMLS shows that the property-owing Trail Blazer players “contribute” over $150,000 a year in property taxes. This includes the players that have been traded that I could find in the tax rolls. It does not include properties that are held in names other than the players (such as an LLC or holding company). More traded players own property(4) than current players (3). The average property owing player pays over $21,000 a year in property taxes. There are extremes though: the lowest property tax paying player pays 17% of what the highest paying player pays.
They own property in Washington, Clackamas and Multnomah counties.
I only looked at players. The Blazer’s website lists about 140 front office staff, including coaching staff.
Well, hopefully they can still do something in the playoffs!!! They looked pretty bad yesterday against the Suns, but I’m hoping for some stellar performances.