Current:Home > StocksArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -OceanicInvest
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
View
Date:2025-04-17 06:34:34
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! (18)
Related
- New data highlights 'achievement gap' for students in the US
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
- Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
- Friend for life: Mourning dog in Thailand dies at owner's funeral
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 'Yellowstone' Season 5, Part 2: Here's when the final episode comes out and how to watch
- When fire threatened a California university, the school says it knew what to do
- Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Arctic Tundra Shifts to Source of Climate Pollution, According to New Report Card
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Gas prices set to hit the lowest they've been since 2021, AAA says
- Aaron Taylor
- Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Snoop Dogg Details "Kyrptonite" Bond With Daughter Cori Following Her Stroke at 24
- Krispy Kreme's 'Day of the Dozens' offers 12 free doughnuts with purchase: When to get the deal
- OpenAI releases AI video generator Sora to all customers
Recommendation
All That You Wanted to Know About She’s All That
'We are all angry': Syrian doctor describes bodies from prisons showing torture
How to watch the Geminid meteor shower this weekend
Blast rocks residential building in southern China
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Blast rocks residential building in southern China
Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
Philippines' VP Sara Duterte a no