Portland, OR – November 29, 2018 – Portland Diamond Project (PDP), the organization behind the effort to bring Major League Baseball to Portland, today announced it has signed an agreement in principle with the Port of Portland to develop the Port’s 45-acre Terminal 2 property, according to PDP Founder and President Craig Cheek.

“We believe this has the potential to be a transformative landmark project for this city,” Cheek said. “Building an iconic, state-of-the-art ballpark along the Willamette River will catalyze economic development and capture great views of both the urban scale of the city and regional character of the Pacific Northwest.”

This letter of intent with the Port kicks off a collaborative process with the City of Portland, and local communities, to create a Major League Baseball ballpark and community destination.

“We're committed to building a sustainable, equitable, and accessible ballpark that reflects what makes Portland such a special place to live,” Cheek said. “That means outstanding locally sourced food and beverage amenities, environmentally sustainable construction and operations, opportunities for makers and small businesses, and an atmosphere that celebrates diversity and inclusion and is welcoming to all Portlanders.”

Terminal 2, which for decades handled commodities such as steel rail, bulk ores, and other oversized international cargo, offers approximately 45 acres of riverfront property with more than 2,000 linear feet of waterfront. The site is located on N.W. Front Ave., just north of the Pearl District and rapidly evolving Slabtown.

“For the past year, we’ve been highly focused on securing the best possible property for development of a ballpark and have deeply analyzed multiple sites,” Cheek said. “Although additional options continue to present themselves, we are excited to announce that Terminal 2 is our preferred location and want to thank the Port of Portland for being such a great partner in this vision.”