Phoenix, September 9, 2025

News Summary

The Arizona Diamondbacks have signed a bipartisan deal to remain in downtown Phoenix, securing up to $500 million for renovations at Chase Field. The agreement includes a $250 million investment from the team and is expected to foster economic growth through mixed-use developments such as hotels, restaurants, and retail spaces. While proponents highlight significant economic benefits for local businesses, critics raise concerns about taxpayer funding supporting a billionaire team owner amidst economic pressures. The deal illustrates the Diamondbacks’ impactful presence in the community.

Phoenix

The Arizona Diamondbacks will remain in downtown Phoenix following the signing of a new bipartisan deal, which allocates up to $500 million in public funding for renovations at Chase Field over the next 30 years. This agreement, known as HB2704, aims to upgrade the 27-year-old stadium and stimulate economic growth in the surrounding area.

As part of the deal, the Diamondbacks organization will contribute an additional $250 million towards the stadium’s renovation requirements. This plan is expected not only to enhance the facility but also to serve as a catalyst for mixed-use development, including retail, restaurants, hotels, and office spaces in the vicinity of Chase Field.

The formal signing of HB2704 took place at Chase Field, attended by team officials and government representatives. The bill underscores the Diamondbacks’ significant economic influence in Phoenix; since their establishment, they have generated an estimated $5.4 billion for the city and state over the past 25 years. Local businesses have expressed that the team’s performance directly impacts their financial stability, considering the team plays a minimum of 81 games each season, drawing large crowds and boosting sales.

HB2704 structures the funding by allowing the recapturing of sales tax revenue generated at Chase Field for renovations rather than relying on new taxes or the general fund. Proponents, which include small business owners and local economic development agencies, argue that maintaining the Diamondbacks will support essential foot traffic necessary for local business survival and growth.

Critics of the legislation raise concerns about using taxpayer funds to benefit a billionaire team owner in light of rising economic pressures faced by residents. Despite these concerns, the state Senate passed the bill with bipartisan support, though debates about the actual extent of its economic benefits continue. The bill has been recognized as vital in ensuring downtown Phoenix remains a vibrant hub for sports, tourism, and economic activity.

Additionally, the Diamondbacks have consistently contributed nearly $100 million to charitable causes across Arizona, further embedding the organization’s role within the community. The ongoing renovations and developments around Chase Field are anticipated to foster increased engagement and growth in downtown Phoenix, effectively transforming the area into a dynamic destination for both residents and visitors.

Key Features of the Deal

• Public Funding: Up to $500 million allocated for renovations at Chase Field.
• Diamondbacks Contribution: The team will invest an additional $250 million.
• Economic Impact: Estimated $5.4 billion generated for Phoenix and the state over 25 years.
• Game Attendance: At least 81 home games each season benefiting local businesses.
• Development Potential: Plans for mixed-use spaces including retail, restaurants, and hotels.
• Tax Structure: Recaptured sales taxes from Chase Field will fund renovations, avoiding new taxes.
• Charitable Contributions: Close to $100 million donated to various causes in Arizona.

FAQs

Deeper Dive: News & Info About This Topic

HERE Resources

Anthony DeSclafani Reinstated from Injured List by Diamondbacks
Phoenix Weekend Events: September 5-7 Highlights
Diamondbacks Trade Shelby Miller and Jordan Montgomery to Brewers
MLB Teams Prepare for Upcoming Trade Deadline
Phoenix Experiences Postal Service Closures and Labor Changes
Yu Darvish Set for Season Debut Against Diamondbacks
Phoenix Mayor Pushes for Responsible Chase Field Renovation
Phoenix Offers Diverse Events and Activities in June
Phoenix Celebrates 602 Day with Local Businesses
Phoenix Celebrates Second Annual 602 Day with Local Discounts

Additional Resources

• 12 News
• Wikipedia: Arizona Diamondbacks
• Chamber Business News
• Google Search: Chase Field renovations
• Arizona Mirror
• Google Scholar: Arizona Diamondbacks
• AZCentral
• Encyclopedia Britannica: Arizona Diamondbacks
• Arizona Free News
• Google News: Arizona Diamondbacks Chase Field

Author: STAFF HERE PHOENIX WRITER

PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.