The Arizona Legislature has approved a bill that would provide up to $500 million in public funding for major renovations at Chase Field, home of the Arizona Diamondbacks. The funding, which would come from tourism-related taxes, is aimed at modernizing the aging stadium and keeping the team in downtown Phoenix for years to come. Supporters of the measure argue that the upgrades are necessary for the Diamondbacks’ continued success and to bolster the local economy through increased tourism and jobs.
The bill still needs approval from Governor Katie Hobbs before becoming law. Proponents say the public investment will be recouped through economic returns generated by events at the stadium, while critics have voiced concerns over the use of taxpayer money for sports venues. If approved, the renovations are expected to cover significant infrastructure improvements, including seating, technology, and fan amenities.
Read the original Arizona home sales article.