Current:Home > InvestArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -TrueNorth Finance Path
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-16 21:16:28
PHOENIX (AP) — The Arizona Coyotes have the green light to bid on a tract of land in north Phoenix in their yearslong bid to build a new arena.
The Arizona State Land Department Board of Appeals unanimously approved the $68.5 million appraisal of the 95 acres on Thursday. The decision sets the stage for the Arizona State Land Department to sell the land at auction with a starting price of $68.5 million. The next step is to set an auction date, which must be publicly advertised for 10 weeks.
Coyotes owner Alex Meruelo looked at various potential arena sites around the Valley before zeroing in on the tract of land near Scottsdale.
“I think people are craving certainty,” NHL Commissioner Gary Bettman said recently. “And we are, too, but this isn’t a 60-minute game where the light goes on and the game’s over. He’s (Meruelo) working on it. We still have some time.”
The Coyotes have been searching for a permanent home since their former owner took the franchise in bankruptcy in 2009. The team appeared to have stable footing at then-Gila River Arena, but the city of Glendale backed out of a multimillion-dollar lease agreement in 2015.
The Coyotes had leased Gila River Arena on a yearly basis before the city terminated the contract following the 2021-22 season. Arizona has played the past two seasons at Mullett Arena, a 5,000-seat facility that’s by far the NHL’s smallest and is shared with Arizona State University.
___
AP NHL: https://apnews.com/hub/nhl
veryGood! (4713)
Related
- Don't let hackers fool you with a 'scam
- A SCOTUS nursing home case could limit the rights of millions of patients
- California voters enshrine right to abortion and contraception in state constitution
- Bryan Cranston says he will soon take a break from acting
- Meta donates $1 million to Trump’s inauguration fund
- Fly-Fishing on Montana’s Big Hole River, Signs of Climate Change Are All Around
- New VA study finds Paxlovid may cut the risk of long COVID
- Exxon’s Climate Fraud Trial Nears Its End: What Does the State Have to Prove to Win?
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Coach Outlet's New Y2K Shop Has 70% Off Deals on Retro-Inspired Styles
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Don't Let These 60% Off Good American Deals Sell Out Before You Can Add Them to Your Cart
- Jenna Ortega Is Joining Beetlejuice 2—and the Movie Is Coming Out Sooner Than You Think
- Wimbledon will allow women to wear colored undershorts, in nod to period concerns
- 'Most Whopper
- Industries Try to Strip Power from Ohio River’s Water Quality Commission
- Russian state media says U.S. citizen has been detained on drug charges
- Florida's 'Dr. Deep' resurfaces after a record 100 days living underwater
Recommendation
The White House is cracking down on overdraft fees
Isle of Paradise Flash Deal: Save 56% on Mess-Free Self-Tanning Mousse
People Near Wyoming Fracking Town Show Elevated Levels of Toxic Chemicals
Real Housewives of Miami's Guerdy Abraira Shares Breast Cancer Diagnosis
B.A. Parker is learning the banjo
A Triple Serving Of Flu, COVID And RSV Hits Hospitals Ahead Of Thanksgiving
Today’s Climate: August 7-8, 2010
Dear Life Kit: How do I get out of my pandemic rut? Michelle Obama weighs in