Mesa officials announced a new financing plan on Thursday that will help build a new Spring Training home for the Cubs. The plan is part of a major effort to keep the Cubs from relocating its facilities to Florida, a move that would be a major blow to the local tourism economy.
Funds for the $84 million plan will come from a proposed increase in the city's bed tax on hotel rooms and also will draw some of the city's special funds, The Associated Press reported. While property and sales taxes will not be directly affected, the sale of some city-owned property in Pinal County could net revenue to replenish the special funds.
The City of Mesa is acting alone on the financial plan to keep the Cubs after an earlier proposal that would have added a surtax on all Cactus League tickets was rejected in the Arizona Legislature.
Bailey Stephens is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.