Overview

• Governor Katie Hobbs signed HB 2704 on June 27, activating a special tax-revenue fund to support Chase Field improvements.
• Over the next 30 years, up to $500 million in existing sales taxes from the stadium and adjacent properties will fund renovations without raising new levies.
• The Diamondbacks pledged $250 million toward the project and face up to $10 million in penalties if they relocate before 2050.
• Maricopa County Stadium District and team officials have commenced talks to extend the franchise’s lease in downtown Phoenix.
• Detailed planning is underway for upgrades to air-conditioning, the retractable roof and other critical infrastructure under strict spending caps.