Current:Home > InvestArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -Visionary Wealth Guides
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-19 07:13:53
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! (1)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The 2024 Emmy Awards hit record low viewership. Here's why.
- King Charles III to undergo hospitalization for enlarged prostate, palace says
- Audio obtained from 911 call for Defense Secretary Lloyd Austin
- B.A. Parker is learning the banjo
- Man accused in murder of missing Montana woman Megan Stedman after motorhome found: Police
- Plan for $400 million monkey-breeding facility in southwest Georgia draws protest
- Ali Krieger Details Her “New Chapter” After Year of Change
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- The Pentagon will install rooftop solar panels as Biden pushes clean energy in federal buildings
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Family warned school about threats to their son who was shot and killed at graduation, report shows
- Biden administration finalizes a $1.1 billion aid package for California’s last nuclear power plant
- Eating these foods after working out can improve recovery and rebuild muscle
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Police search for drivers after pedestrian fatally struck by 3 vehicles in Los Angeles
- How social media algorithms 'flatten' our culture by making decisions for us
- Iowa Republicans will use an app to transmit caucus results. Sound familiar?
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
DirecTV, Tegna reach agreement to carry local NBC, CBS, ABC, Fox stations after dispute
Overdraft fees would drop to as little as $3 under Biden proposal
Jason Kelce Shares Insight Into Future With NFL Amid Retirement Rumors
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
ID, please: Costco testing scanners at entrances to keep non-members out
Some US states and NYC succeed in getting 2020 census numbers double-checked and increased
Maine court pauses order that excluded Trump from primary ballot, pending Supreme Court ruling