Overview

• The state Senate passed the measure on June 19 and the House approved it on June 23, sending the bill to Governor Hobbs’s desk.
• House Bill 2704 directs up to $500 million in sales and income taxes collected at Chase Field and surrounding downtown properties over the next 30 years toward stadium improvements.
• The legislation includes nonbinding language urging the Diamondbacks to contribute $250 million and caps Phoenix’s direct contribution at $3.5 million, with a repeal clause if the team fails to pay.
• Critics argue that the subsidy disproportionately benefits billionaire owner Ken Kendrick and cite studies showing cities gain more from alternative public investments.
• Supporters contend the funding will modernize the aging 1998 ballpark, secure the team’s future in Phoenix and generate good-paying construction jobs.