Another twist in the ongoing saga around Chase Field, with word a private group is looking to replace the stadium entirely.
By Jim McLennan@AZSnakepit
The report was in The Arizona Republic Friday, which said,, “An out-of-state investor group is proposing to build a new, privately funded baseball stadium in downtown Phoenix to replace the current home of the Arizona Diamondbacks.” There’s a broken link in the story to the group’s statement, from Nick Wood, the attorney representing the investors, Stadium Real Estate Partners II LLC, but the most relevant chunk is as follows:
For decades the Arizona taxpayer has funded billions of dollars for the construction and renovation of stadiums and arenas. Today, my client, together with real estate developer Egbert Perry, Chairman of Fannie Mae and President of Integral Group LLC, has stepped-up to relieve the taxpayer of that extraordinary expense and seeks to not only purchase Chase Field, but to also construct a brand new, state-of-the-art, downtown baseball stadium for the Diamondbacks using all private money.
