The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City.
PHOENIX — The Arizona Diamondbacks are one small step from securing up to $500 million to help with renovations to the team's downtown home Chase Field.The Arizona House of Representatives voted to approve House Bill 2704 by a 35-20 margin on Monday.
It would recapture sales taxes from the stadium and other adjacent buildings over the next 30 years and reinvest them into infrastructure at the retractable roof structure, which has been home to the D-backs since 1998 and is owned by the Maricopa County Stadium District.The only remaining hurdle is for Gov. Katie Hobbs to sign the legistation, and she’s been publicly supportive of the bill.“I’m thrilled that the legislature has passed a bill that will keep the Diamondbacks in Phoenix and create good-paying jobs,” Hobbs said on social media Monday. “This is a huge win for every Arizonan. I appreciate the bipartisan elected officials and the business and labor leaders who came to the table and worked with my office to make this moment possible.”The Diamondbacks say they will also contribute $250 million of the team's money to help fund renovations. Team president Derrick Hall has said the nearly 30-year-old stadium needs several upgrades, most notably to its air conditioning system, which keeps the stadium cool during Phoenix's brutally hot summer months.The team’s current lease with the county expires in 2027.“We are ecstatic over the legislative approval of HB2704,” Hall said in a statement. “This will be a monumental victory for baseball and Diamondbacks fans when signed by Governor Katie Hobbs. We could then shift our focus to a proper lease extension negotiation with the Maricopa County Board of Supervisors in hopes of modernizing and renovating this public asset to a level those fans deserve.'—— By David Brandt----STAY IN TOUCH WITH US ANYTIME, ANYWHEREDownload our free app for Roku, FireTV, AppleTV, Alexa, and mobile devices.Sign up for daily newsletters emailed to youLike us on FacebookFollow us on InstagramFollow us on Twitter
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flute innovator Claire Chase’s musical field of dreams began on a San Diego baseball fieldThe San Diego native is one of the most innovative and acclaimed flutists in the world. The 2025 music director of the prestigious Ojai Music Festival, she also has an abiding passion for beaseball…
Read more »
Best Buy’s trendy deal puts a popular 75-inch LG TV down to just $500The 75-inch UT70 is marked down to $500 in a trendy Best Buy deal.
Read more »
Shop Nordstrom and Zara’s Cutest Beaded Bags Under $500Julia Marzovilla is the Fashion E-Commerce Editor at Marie Claire, where she reviews the latest launches from fashion and beauty brands, finds the best on-sale items around the internet, and interviews experts to find the best products in any category to share with her readers.
Read more »
Solana treasury strategy gets $500 million boost as Classover issues senior notes to purchase SOLSolana (SOL) is up 5% on Tuesday after Nasdaq-listed Classover Holdings announced that it will raise up to $500 million to fund its Solana treasury strategy.
Read more »
Chase Field renovation funding bill passed by Arizona SenateA bill to help fund Chase Field renovations is moving on in the Arizona Legislature. House Bill 2704 was passed in the state Senate by a 19-11 vote. It now moves onto the state Senate.
Read more »
Arizona legislature approves up to $500 million for Chase Field renovationsThe Arizona Diamondbacks are one small step from securing up to $500 million to help with renovations to the team’s downtown home Chase Field. The Arizona House of Representatives voted to approve House Bill 2704 by a 35-20 margin on Monday.
Read more »