Current:Home > ContactArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -ProsperityStream Academy
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-15 20:21:15
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 $68.5 million. The next step is to set an auction date, which must be publicly advertised for 10 weeks.
Coyotes owner Alex Meruelo looked at various potential arena sites around the Valley before zeroing in on the tract of land near Scottsdale.
“I think people are craving certainty,” NHL Commissioner Gary Bettman said recently. “And we are, too, but this isn’t a 60-minute game where the light goes on and the game’s over. He’s (Meruelo) working on it. We still have some time.”
The Coyotes have been searching for a permanent home since their former owner took the franchise in bankruptcy in 2009. The team appeared to have stable footing at then-Gila River Arena, but the city of Glendale backed out of a multimillion-dollar lease agreement in 2015.
The Coyotes had leased Gila River Arena on a yearly basis before the city terminated the contract following the 2021-22 season. Arizona has played the past two seasons at Mullett Arena, a 5,000-seat facility that’s by far the NHL’s smallest and is shared with Arizona State University.
___
AP NHL: https://apnews.com/hub/nhl
veryGood! (693)
Related
- South Korean president's party divided over defiant martial law speech
- Groundhog Day 2023
- How the Ukraine Conflict Looms as a Turning Point in Russia’s Uneasy Energy Relationship with the European Union
- Wildfire Smoke: An Emerging Threat to West Coast Wines
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Inside Clean Energy: The Racial Inequity in Clean Energy and How to Fight It
- Inside Clean Energy: The Coal-Country Utility that Wants to Cut Coal
- Chris Eubanks, unlikely Wimbledon star, on surreal, whirlwind tournament experience
- Trump invites nearly all federal workers to quit now, get paid through September
- Study: Commuting has an upside and remote workers may be missing out
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Pregnant Rihanna and A$AP Rocky Need to Take a Bow for These Twinning Denim Looks
- Kylie Jenner Is Not OK After This Cute Exchange With Son Aire
- Biden calls for passage of a bill to stop 'junk fees' in travel and entertainment
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- You Can't Help Falling in Love With Jacob Elordi as Elvis in Priscilla Biopic Poster
- Inside Clean Energy: How Soon Will An EV Cost the Same as a Gasoline Vehicle? Sooner Than You Think.
- Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut
Recommendation
Intellectuals vs. The Internet
Inside Clean Energy: Biden’s Climate Plan Shows Net Zero is Now Mainstream
The Indicator Quiz: Inflation
TikTok officials go on a public charm offensive amid a stalemate in Biden White House
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Amazon Shoppers Say These Gorgeous Gold Earrings Don't Tarnish— Get the Set on Sale Ahead of Prime Day
4.9 million Fabuloso bottles are recalled over the risk of bacteria contamination
Groundhog Day 2023