• Loading stock data...
Sunday, July 13, 2025

Coyotes Unveil $1.7B Plan for Tempe Complex

  • The Arizona Coyotes submitted a proposal for a new $1.7 billion arena and entertainment complex.
  • The team also announced a rebrand focused on inclusivity.
Arizona Coyotes/Design: Alex Brooks

The NHL’s Arizona Coyotes have submitted a proposal for a $1.7 billion arena and entertainment complex in Tempe, Arizona.

The Coyotes’ plan calls for roughly $200 million from taxpayers, but the team reportedly plans to pay for the remaining costs.

A 16,000-seat arena, the team’s headquarters, and a practice rink would all be located within the complex. There are also plans to add hotels, retail stores, apartments, and a theater.

The team has called Glendale home since the 2003-04 season but lost its lease at Gila River Arena when the city decided to not renew.

In August, Glendale city manager Kevin Phelps said that the Coyotes owe more than $1.4 million to the arena as of July 17.

In addition to the Coyotes’ potential new home, the franchise announced a rebrand. 

  • The team will change its primary logo back to the popular “Kachina” graphic.
  • It will also wear red Coyotes head jerseys for eight games during the 2021-22 season.

Real estate and media mogul Alex Meruelo purchased the Coyotes for a reported $300 million in July 2019. As of December 2020, the team is valued at $285 million — the least valuable franchise in the NHL, per Forbes.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NHL to Rejoin Olympic Ice in Milan—and NBC Set to Cash In

NHL players last competed in the Olympics in 2014.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Bennett (9) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena

Panthers Lock Up Stanley Cup–Winning Core With Long-Term Deals

Hours before free agency, Florida cemented terms with their essential players.

NHL Free Agency Begins With Big Money but Modest Star Power

Teams will look to take advantage of an enlarged salary cap.

Featured Today

May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.
July 9, 2025

Browns $600M Stadium Deal Hit With Suit Over ‘Unclaimed’ Money

Ohio’s use of unclaimed funds for a new stadium is challenged legally.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
July 9, 2025

Oak View Founder Tim Leiweke Indicted for Alleged Rigged Arena Bid

The longtime sports executive leaves his day-to-day leadership role.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Chiefs Delay Stadium Decision As Kansas Dangles Dome Dreams

Kansas legislators extend bonds for potential Chiefs and Royals facilities.
Jul 3, 2022; London, United Kingdom; Jannik Sinner (ITA) returns a shot during his match against Carlos Alcaraz (ESP) on day seven at All England Lawn Tennis and Croquet Club.
July 7, 2025

Wimbledon’s Expansion Battle Looms Over Star-Studded Quarterfinals

The expansion’s loudest opposition is Save Wimbledon Park.
July 2, 2025

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.
July 1, 2025

$600M for Browns Stadium Sparks Cleveland Backlash, Possible Lawsuit

The awarding of public funds draws criticism and could bring a lawsuit.