Acquisition or construction of major facility; conditions. Notwithstanding ORS 268.310 (4), a metropolitan service district that does not have a charter may not acquire or construct a major cultural, convention, exhibition, sports or entertainment facility unless

(1) The financing of the acquisition or construction is approved by the electors of the district; or

(2) The facility is acquired or constructed pursuant to an intergovernmental agreement under ORS 190.003 to 190.130. [2015 c.49 §3]