Current:Home > InvestArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -Quantum Growth Learning
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-19 16:59:41
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! (498)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Birmingham Stallions defeat San Antonio Brahmas in UFL championship game
- The Daily Money: A Chick-fil-A child labor camp?!
- How Maluma, Tom Brady and More Stars Are Celebrating Father's Day 2024
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jennifer Aniston Brings Courteney Cox to Tears With Emotional Birthday Tribute
- Henry Cavill preps to be a first-time dad in Father's Day post: 'Any tips?'
- Jennifer Aniston Brings Courteney Cox to Tears With Emotional Birthday Tribute
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Shooting at Michigan splash pad leaves 9 injured, including children; suspect dead
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- England defeats Serbia in its Euro 2024 opener on Jude Bellingham goal
- Indiana Fever vs. Chicago Sky recap: Caitlin Clark wins showdown with Angel Reese
- Nashville court grapples with details on school shooter that were leaked to media
- Bodycam footage shows high
- Pete Buttigieg on fatherhood
- 2024 Tony Awards: See Every Red Carpet Fashion Moment
- Amber Rose Reacts to Ex Wiz Khalifa Expecting Baby With Girlfriend Aimee Aguilar
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Katie Ledecky, remarkably consistent, locks her spot on fourth Olympic team
Indiana GOP chair to step down following tumultuous party convention
U.S. supports a just and lasting peace for Ukraine, Harris tells Zelenskyy at Swiss summit
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
University of Michigan didn’t assess if Israel-Hamas war protests made environment hostile, feds say
FDA, CDC continue to investigate salmonella outbreaks likely tied to cucumbers
Armie Hammer Breaks Silence on Cannibalism Accusations