NHL

Auction Date Set For Phoenix Land Arizona Coyotes Want For Arena

Apr 5, 2024, 9:41 AM | Updated: 2:30 pm

Arizona Coyotes logo on jersey...

GLENDALE, ARIZONA - JANUARY 22: Detail of the Arizona Coyotes logo during the NHL game against the Vegas Golden Knights at Gila River Arena on January 22, 2021 in Glendale, Arizona. The Coyotes defeated the Golden Knights 5-2. (Photo by Christian Petersen/Getty Images)

(Photo by Christian Petersen/Getty Images)

PHOENIX – The land in northeast Phoenix that the Arizona Coyotes said they are targeting to purchase for the development of a new arena has an auction date set for June 27, Arizona Sports reported. 

The Arizona State Land Department on Thursday listed the auction for the tract of land on the northwest corner of the Loop 101 and Scottsdale Road near Desert Ridge Marketplace.

“My family and I are committed to winning this land auction and building a transformative entertainment district that will not require taxpayer funding for the first time in Arizona history,” Coyotes owner Alex Meruelo said in a statement released after the notice was posted. “We will buy this land, build this development and finish a project that will incur the cost of more than $100 million in infrastructure improvements with no burden placed on taxpayers.

“We are excited that the proceeds from our land auction bid will also generate revenues to fund local education throughout the state of Arizona and support the communities that have been so loyal to the Coyotes for many years,” Meruelo added. “Arizona is our home and an incredible market where the Coyotes belong. This district would provide a beautiful home for the Arizona Coyotes for decades to come. Our loyal fans deserve this vibrant gathering place that would serve as a landmark to create lifelong memories.”

Arizona Sports’ John Gambadoro reported on Thursday before the listing was posted that Meruelo has spoken to potential buyers, both inside and outside of Arizona, to gauge their interest in purchasing the NHL franchise.


RELATED: Answering The Most Asked Questions Regarding NHL Coming To Utah

Gambadoro added that Meruelo was seeking upward of $1 billion for the franchise that he bought in July 2019.

A March 14 state land department meeting cleared that land to be auctioned, according to the meeting agenda that lists the Coyotes’ Miracle Development LLC. The auction must be publicly listed for at least 10 weeks before it takes place.

The Arizona State Land Department Board of Appeals unanimously approved the $68.5 million appraisal of the 95 acres. Bidding will start at that amount and must be made in $100,000 increments at minimum.

Included with the auction posting was a letter from the city of Phoenix with public infrastructure obligations to a potential developer, which includes zoning information, along with fire, water and traffic recommendations. The estimated cost for those additions is $80 million, according to the auction notice.

The Coyotes said in their statement that the development would include a 17,000-seat arena and 150,000-square-foot practice facility.

RELATED: Smith: Utah Ready For NHL ‘Now’, Potential Team Names

It would also feature a concert venue for a live music theater for 3,000 attendees, 400,000 square feet of retail and a multi-purpose watch party plaza equipped with a supersized screen for viewing events. The district would be covered by a 170,000-square-foot canopy spanning the arena to the theater.

Take us with you, wherever you go.

Download the new & improved KSL Sports app from Utah’s sports leader. You can stream live radio, video and stay up to date on all of your favorite teams.

NHL

Dylan-Guenther-Arizona-Coyotes-NHL...

Kyle Ireland

Tucson Roadrunners Voice Adrian Denny Details Utah Hockey Club’s Prospects

Adrian Denny hopped on the Utah Puck Report podcast to break down Utah Hockey Club's recent draft picks and its top prospects.

3 hours ago

John-Marino-New-Jersey-Devils...

Kyle Ireland

Puck Report: Defenseman John Marino Breaks Down Trade To Utah Hockey Club

Utah Hockey Club defenseman John Marino broke down what it was like to get traded in June and gave his thoughts on the newest NHL team.

7 hours ago

Utah-Hockey-Club-NHL-Draft...

Kyle Ireland

Single-Game Tickets Go On Sale For Utah Hockey Club’s Inaugural Season

About three months from the team's regular season opener, single-game tickets for Utah Hockey Club's inaugural season went on sale.

9 hours ago

Tij-Iginla-Utah-Hockey-Club-NHL-Draft...

Jay Stevens

Utah Hockey Club Signs Tij Iginla To Entry Level Deal

The Utah Hockey Club signed Tij Iginla, their first draft pick in franchise history, to an entry-level contract.

1 day ago

barrett hayton...

Brian Preece

Utah Hockey Club Reaches Agreement With Forward Barrett Hayton On Two-Year Deal

Utah Hockey Club has added another player to its lengthy list of acquisitions this off-season after agreeing to terms with former Arizona Coyotes forward Barrett Hayton. 

4 days ago

Curtis-Douglas-Dallas-Stars-NHL-Draft...

Kyle Ireland

Forward Curtis Douglas Signs Deal With Utah Hockey Club

Utah Hockey Club announced that forward Curtis Douglas signed a two-year, two-way deal with the NHL's newest franchise.

5 days ago

Sponsored Articles

...

KSL Sports

Utah Hockey Newsletter: Sign Up Now

Want to get the latest info on Utah's newest sports franchise? Sign up for the Utah Hockey newsletter!

ksl-sports-newsletter...

KSL Sports

KSL Sports Newsletter: Sign Up Now

Sign up today for the KSL Sports newsletter. Get the latest Utah sports news delivered to your inbox.

...

KSL Sports

Jazz Notes Newsletter: Sign Up Now

Sign up today for the Jazz Notes newsletter. Get insider analysis, game recaps and opportunities to win tickets!

3 kids wearing real salt lake jerseys smiling...

Real Salt Lake

6 Reasons You Need to Experience a RSL Matchday

RSL Games are a great way to spend time with your family with fun activities, good food, and traditions you can only experience at the field.

High angle view of the beautiful Rose Bowl Stadium...

KSL Digital Sales

How to Prepare for the 2023 Rose Bowl

Everything you need to know to plan your 2023 Rose Bowl trip in Pasadena, California. This year, the Utes will face Penn State.

Jordan-Clarkson-Utah-Jazz...

KSL Digital Sales

Notable Moments From The Utah Jazz Season… So Far

At the beginning of the season, the Utah Jazz were second to last. Now they rank in the top 10 teams in the Western Conference.

Auction Date Set For Phoenix Land Arizona Coyotes Want For Arena