Current:Home > InvestArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -Secure Growth Solutions
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
EchoSense Quantitative Think Tank Center View
Date:2025-04-08 08:46:13
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! (543)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Dozens dead as heavy fighting continues for second day in Sudan
- Mary Quant, miniskirt pioneer and queen of Swinging '60s, dies at age 93
- U.S. border officials record 25% jump in migrant crossings in March amid concerns of larger influx
- Sonya Massey's father decries possible release of former deputy charged with her death
- Oversight Board slams Facebook for giving special treatment to high-profile users
- Below Deck's Tyler Walker Shares Difficult Experience of Finally Coming Out to His Parents
- U.S. border officials record 25% jump in migrant crossings in March amid concerns of larger influx
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Oscars 2023: Lady Gaga Deserves an Applause for Helping Guest Who Fell on Red Carpet
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- U.S. diplomatic convoy fired on in Sudan as intense fighting continues between rival forces
- Apple Is Delaying Its Plan To Scan U.S. iPhones For Images Of Child Sexual Abuse
- Behind murky claim of a new hypersonic missile test, there lies a very real arms race
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Rihanna's Third Outfit Change at the Oscars Proved Her Pregnancy Fashion Is Unmatched
- Adam Levine and Behati Prinsloo Pack on the PDA at Vanity Fair's 2023 Oscars After-Party
- Couple beheaded themselves with homemade guillotine in ritual sacrifice, police in India say
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Ryan Seacrest's Girlfriend Aubrey Paige Proves She's His No. 1 Fan With Oscars Shout-Out
Sister Wives' Christine Brown Says Incredible Boyfriend David Woolley Treats Her Like a Queen
Hailey Bieber's Oscars Party Look Proves You Should Never Say Never to a Classic Black Gown
What do we know about the mysterious drones reported flying over New Jersey?
John Travolta's Emotional Oscars 2023 Nod to Olivia Newton-John Will Bring a Tear to Your Eye
Oscars 2023: Colin Farrell and 13-Year-Old Son Henry Twin on Red Carpet
Jack Dorsey steps down as Twitter CEO; Parag Agrawal succeeds him