Richmond's new baseball stadium will be called CarMax Park

RICHMOND, Va. -- The Richmond Flying Squirrels are getting a new baseball stadium and that stadium will have a new name. CarMax Park is expected to open in Richmond's new Diamond District in time for the 2026 baseball season. CarMax is the country's largest used car retailer and was founded in the Richmond area where it remains headquartered.

"This is an exciting time for Richmond, and CarMax's naming rights partnership reflects our commitment to our city, its people, and its growth," CarMax president and chief executive officer Bill Nash said in a statement following Wednesday's naming announcement. “CarMax Park will bring the community together through unforgettable experiences. We're thrilled to take this next step with the Squirrels, continuing to build on our history of community engagement, innovation, and progress for our hometown.”

Provided to WTVR

CarMax Park will replace The Diamond, which has been home to minor league baseball in Richmond since 1986.

"Our long-term partnership with CarMax allowed our future home to become a reality," Flying Squirrels Managing General Partner Lou DiBella said. "This commitment reflects the corporate and community leadership CarMax consistently demonstrates here in Richmond."

Provided to WTVR

Both the Flying Squirrels and CarMax said the new park would host not only baseball but also concerts, festivals, and gatherings.

A groundbreaking ceremony for CarMax Park is scheduled for this Friday at 4:30 p.m. The new stadium will be built in the shadow of the Diamond and will be the cornerstone of the planned Diamond District which will include additional dining, shopping, and living options on and around Arthur Ashe Boulevard.

Work crews active on land where new Richmond baseball stadium could be built. What are they doing?

CarMax Park will feature:

• A 360-degree, wrap-around concourse with distinct experiences and vantage points located throughout
• A field-level dugout suite that will put fans in closer proximity to home plate than the opposing team
• Group and social spaces will span the outfield and include a multi-tiered beer garden – emblematic of neighboring Scott's Addition – in left field

Provided to WTVR

• A kids’ zone with adjacent terraced outfield lawn seating in right-center field
• Several climate-controlled, indoor spaces
• 20 luxury suites and a corner party suite showcasing views of the downtown Richmond skyline.

This is a developing story. Email the CBS 6 Newsroom if you have additional information to share.

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