Current:Home > StocksArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site -ProfitSphere Academy
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
Surpassing Quant Think Tank Center View
Date:2025-04-11 08:34:44
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! (47)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Horoscopes Today, August 10, 2023
- How to help or donate in response to the deadly wildfire in Maui
- Kyle Richards’ Husband Mauricio Umansky Reacts to Her Steamy New Morgan Wade Video
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Appeals court rules against longstanding drug user gun ban cited in Hunter Biden case
- Pink baby! Fan goes into labor at Boston concert, walks to hospital to give birth to boy
- Police arrest man accused of threatening jury in trial of Pittsburgh synagogue gunman
- Trump invites nearly all federal workers to quit now, get paid through September
- New book claims Phil Mickelson lost over $100M in sports bets, wanted to wager on Ryder Cup
Ranking
- A South Texas lawmaker’s 15
- Da Brat and Wife Jesseca Judy Harris-Dupart Share First Photos of Son True Legend
- Grocery deals, battery disposal and phone speed: These tech tips save you time and cash
- Disney is raising prices on ad-free Disney+, Hulu — and plans a crackdown on password sharing
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Illinois Supreme Court plans to rule on semiautomatic weapons ban
- 2023 Atlantic hurricane outlook worsens as ocean temperatures hit record highs, forecasters say
- Google will start deleting inactive accounts in December under new security policy
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Theft charges for 5 ex-leaders of Pennsylvania prison guard union over credit card use
Police fatally shoot armed man in northeast Arkansas, but his family says he was running away
Why some people believe ginger ale is good for you. (And why it's actually not.)
Small twin
NYC teen dies in apparent drowning after leaping off ledge of upstate waterfall
North Carolina roller coaster reopens after a large crack launched a state investigation
U.S. nurse Alix Dorsainvil and daughter released after kidnap in Haiti, Christian group says