Current:Home > StocksArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -ProfitLogic
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-13 02:06:22
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! (48)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Man gets 15 years to life for killing commuter he shoved into moving train in unprovoked attack
- How 'El Conde' director Pablo Larraín uses horror to add thought-provoking bite to history
- See Sofía Vergara's transformation into Griselda Blanco for new Netflix series: Photos
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- You'll Be A Sucker For Nick Jonas and Priyanka Chopra's Cutest Pics
- Sioux Falls pauses plan to ditch arsenic-contaminated taxidermy display at state’s largest zoo
- Last 3 men charged with plotting to kidnap Michigan governor found not guilty
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Jeezy files for divorce from Jeannie Mai after 2 years of marriage
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Last 3 men charged with plotting to kidnap Michigan governor found not guilty
- Special counsel seeks 'narrowly tailored' gag order against Trump
- West Virginia University gives final approval to academic program, faculty cuts
- Nevada attorney general revives 2020 fake electors case
- Erdogan says Turkey may part ways with the EU. He implied the country could ends its membership bid
- Iowa man is found guilty in death of 10-year-old girl whose disappearance prompted a huge search
- Jeezy files for divorce from Jeannie Mai after 2 years: 'No hope for reconciliation'
Recommendation
Federal hiring is about to get the Trump treatment
A new Iran deal shows the Biden administration is willing to pay a big price to free Americans
Ashton Kutcher resigns as chair of anti-sex abuse organization after Danny Masterson letter
Erdogan says Turkey may part ways with the EU. He implied the country could ends its membership bid
Don't let hackers fool you with a 'scam
2023 Maui Invitational will be moved to Honolulu, keeping tournament in Hawaii
Q&A: The EPA Dropped a Civil Rights Probe in Louisiana After the State’s AG Countered With a Reverse Discrimination Suit
Arizona state trooper rescues baby burro after its mother was run over by a car