
Arizona lawmakers introduced a bill Tuesday that provides the framework of how the Arizona Diamondbacks can fund renovations to remain at the Maricopa County-owned Chase Field for the long term.
HB2704 mirrors how the Arizona Cardinals use sales and income taxes from State Farm Stadium to fund upgrades and renovations to their home stadium.
D-backs CEO and president Derrick Hall told the Arizona Republic that the team has pitched a plan that would take 5% of the 5.6% of sales taxes that already exist at Chase Field to send to a fund (0.6% will continue to fund education). The bill’s primary author, Republican Rep. Jeff Weninger of Chandler, and Hall emphasized to the newspaper that the bill introduced does not add any taxes but redistributes them.
The sales tax would only come from sales at Chase Field, while the income taxes would be taken from employees, including those from players.
“The Arizona Diamondbacks are an indispensable part of our state’s identity and economy,” Weninger said in a release. “I’m proud …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.