Current:Home > FinanceArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -Achieve Wealth Network
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-12 22:56:22
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! (255)
Related
- Could your smelly farts help science?
- Georgia Gov. Brian Kemp journeys to Italy in eighth overseas trip
- Kim Kardashian, Jennifer Aniston are getting the 'salmon sperm facial.' What is going on?
- FedEx, UPS warn deliveries may be delayed due to Microsoft outage
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Alabama names Bryant-Denny Stadium field after Nick Saban
- Mississippi’s new Episcopal bishop is first woman and first Black person in that role
- Hot, inland California cities face the steepest water cuts with new conservation mandate
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Seattle police officer fired over vile comments after death of woman fatally struck by police SUV
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Sundance Film Festival narrows down host cities — from Louisville to Santa Fe — for future years
- Sundance Film Festival narrows down host cities — from Louisville to Santa Fe — for future years
- NASA beams Missy Elliott song to Venus
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- It Ends With Us: Blake Lively Will Have Your Emotions Running High in Intense New Trailer
- North Carolina governor’s chief of staff is leaving, and will be replaced by another longtime aide
- Suspected arson attack in Nice, France kills 7 members of same family, including 3 children
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
How to watch the WNBA All-Star 3-point contest: TV channel, participants, more
Nominations for National Guard leaders languish, triggering concerns as top officers retire
NFL Hall of Famer Lawrence Taylor charged with failing to update address on sex offender registry
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Team USA sprinter Quincy Hall fires back at Noah Lyles for 4x400 relay snub
In RNC speech, Trump recounts surviving assassination attempt: I'm not supposed to be here
25 Things That Will Help Make Your Closet Look Like It Was Organized by a Professional