Panel Approves Bill to Maintain Diamondbacks’ Original Go-Ahead

The Arizona Diamondbacks have taken a significant step to secure their future in Phoenix as a bill to fund important renovations at Chase Field has successfully passed its first legislative hurdle. 

On Tuesday afternoon, the House Commerce Committee voted 8-1 in favor of HB2704. This legislation aims to establish a dedicated funding source for maintaining the stadium to ensure a modern and safe venue for fans.

With the team’s lease expiring in 2027, lawmakers are exploring funding solutions that do not involve new taxes. Representative Jeff Weninger, R-Chandler, who sponsors the bill, emphasized that past decisions to use taxpayer money for the stadium necessitate treating Chase Field as a public asset.

“What other public asset would we simply allow to deteriorate?” Weninger posed. “This facility generates significant revenue for downtown Phoenix and the entire state.”

The proposed measure draws inspiration from the Arizona Cardinals’ financial structure at State Farm Stadium in Glendale, which relies on tax revenue distribution through the Arizona Sports and Tourism Authority.

Chase Field has contributed an impressive $5.4 billion to Arizona’s gross domestic product as of 2022, according to Diamondbacks Vice President of Government Affairs, Amilyn Pierce. This figure does not factor in income from the recent World Series or World Baseball Classic events hosted at the venue in 2023.

Under the proposed plan, sales and income tax revenues linked to Chase Field and the Diamondbacks would be redirected to a fund designated for necessary repairs and ongoing maintenance.

The Diamondbacks are prepared to cover more than half of the estimated $500 million required for repairs, contributing approximately $250 million to $300 million for upgrades to HVAC systems, plumbing, and roofing.

“This solution avoids new taxes and fosters civic pride,” stated Diamondbacks President and CEO Derrick Hall. “Our franchise plays a crucial role in job creation and economic impact.”

Weninger added a “clawback” provision to incentivize the team to remain in Phoenix until at least 2050. Should the Diamondbacks depart prematurely, the repair fund would revert to the state, along with escalating fines based on the timing of their exit.

Despite the bill’s support, opposition exists. Worker Power, a nonprofit organization, argues that the tax revenues generated by the stadium could be better allocated to public services.

“The proposal seeks to funnel tax revenue from a billionaire’s asset at the cost of public services,” asserted member Margaret Schultz.

Estimates suggest Chase Field generates between $15 million and $20 million annually from sales and income taxes. However, Rep. Justin Wilmeth, R-Phoenix, defended the necessity of the team, pointing out that without the Diamondbacks, the stadium would have little justification for existence.

“With no team, there’s no chance for revenue,” Wilmeth argued, also noting over 150 non-baseball events scheduled for the year that contribute to the economy around the stadium.

Co-sponsor Rep. Junelle Cavero, D-Phoenix, emphasized the stadium’s importance for local job creation and economic health, expressing disappointment over the absence of city and county officials during discussions about the bill.

Maricopa County Board of Supervisors Chairman, Thomas Galvin, reiterated his commitment to retaining the Diamondbacks in Arizona while safeguarding taxpayer interests.