Current:Home > ScamsArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -MoneySpot
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-14 08:00:20
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! (2)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Giannis Antetokounmpo has soleus strain in left calf; ruled out for regular season
- North Dakota woman who ran unlicensed day care gets nearly 19 years in prison after baby's death ruled a homicide
- Horoscopes Today, April 10, 2024
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Justice Neil Gorsuch is not pleased with judges setting nationwide policy. But how common is it?
- 58-year-old grandmother of 12 breaks world planking record after holding position for more than 4.5 hours
- Women are too important to let them burn out. So why are half of us already there?
- Global Warming Set the Stage for Los Angeles Fires
- Tennessee Senate passes bill allowing teachers to carry guns amid vocal protests
Ranking
- Travis Hunter, the 2
- Bridgerton Season 3 Trailer’s Scandalous Romance is the Object of All Your Desires
- Chiefs' Rashee Rice faces aggravated assault, seven more charges over multi-car crash
- Avantika Vandanapu receives backlash for rumored casting as Rapunzel in 'Tangled' remake
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Dylan Rounds' Presumed Skeletal Remains Found 2 Years After His Disappearance
- Biden awards $830 million to toughen nation’s infrastructure against climate change
- DJ Mister Cee, longtime radio staple who worked with Biggie and Big Daddy Kane, dies at 57
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
58-year-old grandmother of 12 breaks world planking record after holding position for more than 4.5 hours
Experts say Wisconsin woman who at 12 nearly killed girl isn’t ready to leave psychiatric center
How Tyus Jones became one of the most underrated point guards in the NBA
Questlove charts 50 years of SNL musical hits (and misses)
California failed to track how billions are spent to combat homelessness programs, audit finds
Experts say Wisconsin woman who at 12 nearly killed girl isn’t ready to leave psychiatric center
2 officers, suspect wounded in exchange of gunfire in Lansing, Michigan