Current:Home > MarketsArizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site-LoTradeCoin
Arizona Coyotes cleared to bid for tract of land in north Phoenix for new arena site
lotradecoin token airdrop campaigns View Date:2024-12-25 12:35:30
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! (3)
Related
- Fewer U.S. grandparents are taking care of grandchildren, according to new data
- Jury expected to begin deliberations in NFL ‘Sunday Ticket’ trial on Wednesday
- Athing Mu falls, finishes last in 800m at US Olympic track and field trials
- Looking for online deals ahead of Prime Days? Google upgrades shopping search tools
- Billboard Music Awards 2024: Complete winners list, including Taylor Swift's historic night
- Trump Media rebounds after Trump hush money verdict spooked DJT shares
- 1 dead, 2 injured in East Village stabbing; man in custody, New York City police say
- Julie Chrisley's Prison Sentence for Bank Fraud and Tax Evasion Case Overturned by Appeals Court
- North Carolina announces 5
- Rapper Julio Foolio Dead at 26 After Shooting at His Birthday Celebration
Ranking
- Google forges ahead with its next generation of AI technology while fending off a breakup threat
- Massachusetts Senate unveils its version of major housing bill
- ‘Sing Sing’ screens at Sing Sing, in an emotional homecoming for its cast
- Morgan Wallen Hit in the Face With Fan’s Thong During Concert
- What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP
- The Sopranos at 25: Looking back on TV's greatest hour
- Cleveland Cavaliers hire Kenny Atkinson as new head coach
- Some homeowners left waiting in limbo as several states work out anti-squatting stances
Recommendation
-
New Jersey targets plastic packaging that fills landfills and pollutes
-
Will ex-gang leader held in Tupac Shakur killing get house arrest with $750K bail? Judge to decide
-
The secret to maxing out your 401(k) and IRA in 2024
-
1 dead, 2 injured in East Village stabbing; man in custody, New York City police say
-
See Mariah Carey and Nick Cannon's Twins Monroe and Moroccan Gift Her Flowers Onstage
-
Morgan Wallen Hit in the Face With Fan’s Thong During Concert
-
A nonprofit got jobs for disabled workers in California prisons. A union dispute could end them
-
WNBA power rankings: Liberty, Lynx play for league supremacy in Commissioner's Cup