The Arizona state legislature has approved a bill to provide up to $500 million for renovations at Chase Field, home of the Arizona Diamondbacks. The funding, which still requires approval from Governor Katie Hobbs, would be drawn from future tax revenue generated at the stadium, rather than from the state’s general fund. Supporters argue the renovations are necessary to keep the team in downtown Phoenix and address long-standing maintenance issues with the aging ballpark.
The proposed legislation aims to modernize the stadium and ensure its viability for years to come, following concerns about repair costs and potential relocation of the Diamondbacks. If signed into law, the bill will create a district to manage the funds and oversee the renovation process. The move comes as other cities across the country seek innovative ways to finance sports venue upgrades without burdening taxpayers.
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