Downtown boosters says that the new 73,000-seat stadium can bebuilt on a rail yard in the Downtown area using no more than $3million in taxpayer-assisted financing. Most of the othercommunities vying for the stadium would have to spend significantlymore in public funds to get their site ready for the stadium.
"We've ended up with a package even beyond what we expected, todeliver a site that doesn't require a lot of public investment,"says Brian Kearney, executive director and chief executive officerof the Downtown Phoenix Partnership, which promotes Downtowndevelopment. "We've got a winner here."
State law requires that anytime a municipality wants to allocatemore than $3 million for a private project, the plan must be put upfor a public vote.
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