Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
New Stadium District reviews finances, HB 2704 revenue and plans executive-session lease talks
Summary
Board members reviewed the district's statutory duties, historical funding and the new revenue streams under HB 2704; staff cited JLBC's estimate of about $20 million per year and the board scheduled an executive session for negotiations and personnel.
At its first meeting the Maricopa County Stadium District board heard a staff presentation on the district's history, current finances and expected new revenue streams under HB 2704. Counsel told the board the district's legal entity and existing contracts remain in place despite the recent reconstitution of the governing board.
Staff described historical financing, noting a transaction-privilege tax funded $238 million of initial construction and that a $2.50 car-rental surcharge has for years supported spring-training funding but is currently remitted to the Arizona Sports and Tourism Authority under a 2003 intergovernmental…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
