Current:Home > InvestArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -Keystone Growth Academy
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-19 16:16:46
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! (82)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- NASCAR driver Josh Berry OK after scary, upside down collision with wall during Daytona race
- Hurricane Hone soaks Hawaii with flooding rain; another storm approaching
- The Bachelorette’s Andi Dorfman and Husband Blaine Hart Reveal Sex of First Baby
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The Sweet Detail Justin Bieber Chose for Baby Jack's Debut With Hailey Bieber
- Umpire Nick Mahrley carted off after broken bat hits his neck during Yankees-Rockies game
- MLB power rankings: Dodgers back on top with Shohei Ohtani's 40-40 heroics
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- The shooting death of a 16-year-old girl by police is among a spate that’s upset Anchorage residents
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Layne Riggs injures himself celebrating his first NASCAR Truck Series win
- Manslaughter probe announced in Sicily yacht wreck that killed 7
- Alaska governor declares disaster following landslide in Ketchikan
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 8 wounded in shootout involving police and several people in Pennsylvania
- Kate Middleton Makes Rare Appearance With Royal Family to Attend Church Service
- 8 wounded in shootout involving police and several people in Pennsylvania
Recommendation
Intel's stock did something it hasn't done since 2022
America's newest monuments unveil a different look at the nation's past
18-year-old fatally struck by boat propeller in New Jersey, police say
Can dogs see color? The truth behind your pet's eyesight.
A South Texas lawmaker’s 15
Kate Middleton Makes Rare Appearance With Royal Family to Attend Church Service
Hailey and Justin Bieber reveal birth of first baby: See the sweet photo
Mayweather goes the distance against Gotti III in Mexico City