Current:Home > FinanceArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -MoneyTrend
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-17 07:57:24
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! (2529)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Margaret Qualley to Star as Amanda Knox in New Hulu Series
- South Dakota Legislature ends session but draws division over upcoming abortion rights initiative
- Baldwin touts buy-American legislation in first Senate re-election campaign TV ad
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- American Samoa splits delegates in Democratic caucuses between Biden, Jason Palmer
- Federal Reserve’s Powell: Regulatory proposal criticized by banks will be revised by end of year
- A small earthquake and ‘Moodus Noises’ are nothing new for one Connecticut town
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Bill that could make TikTok unavailable in the US advances quickly in the House
Ranking
- The Best Stocking Stuffers Under $25
- Jane Fonda, 'Oppenheimer' stars sign open letter to 'make nukes history' ahead of Oscars
- Stolen Oscars: The unbelievable true stories behind these infamous trophy heists
- That's just 'Psycho,' Oscars: These 10 classic movies didn't win a single Academy Award
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Sweden officially joins NATO, ending decades of post-World War II neutrality
- Michael Strahan's Daughter Isabella Says She Screamed in Pain After 2nd Surgery Amid Brain Cancer Battle
- WWE Alum and Congressional Candidate Daniel Rodimer Accused of Murder by Las Vegas Police
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
U.S. charges Chinese national with stealing AI trade secrets from Google
Apple releases iOS 17.4 update for iPhone: New emoji, other top features
Investigators say they confirmed pilots’ account of a rudder-control failure on a Boeing Max jet
Meta releases AI model to enhance Metaverse experience
Women's basketball conference tournaments: Tracking scores, schedules for top schools
A small earthquake and ‘Moodus Noises’ are nothing new for one Connecticut town
Are you moving? Don't forget your change of address. Here's how to easily swap info.