Arizona Governor Katie Hobbs has approved a bill allocating up to $500 million in sales tax revenue over the next 30 years for renovations at Chase Field, contingent on the Arizona Diamondbacks securing a lease extension. The team's current lease expires in 2027, prompting D-Backs CEO Derrick Hall to stress the urgency of negotiations. The renovations will focus on infrastructure upgrades, including improvements to air conditioning and a new video board, with the team committing an additional $250 million. Financial penalties are included in the legislation should the D-Backs leave before 2050.
Hobbs has signed legislation for $500MM in sales tax revenue over 30 years for Chase Field renovations, contingent on a lease extension with Maricopa County.
D-Backs CEO Derrick Hall emphasizes the importance of negotiating a new lease extension, which is crucial for moving forward with the renovations.
The team plans to invest $250MM into infrastructure improvements, addressing air conditioning and video board upgrades as initial priorities.
Legislation includes penalties for the D-Backs if they attempt to leave Chase Field before 2050, indicating a commitment to keep the team in Phoenix.
Collection
[
|
...
]