• Loading stock data...
Tuesday, July 23, 2024
Join us this September for Tuned In Request to Attend

Arizona Coyotes Cleared to Negotiate on $1.9B Arena, Mini-City in Tempe

  • The Arizona Coyotes can now enter negotiations with the city of Tempe after a key council vote.
  • The $1.9 billion project still faces hurdles.
Arizona Coyotes

The Arizona Coyotes may one day graduate from playing on a university campus.

Tempe’s city council voted 5-2 on Thursday to continue negotiations with the team on a $1.9 billion entertainment district centered on a new 16,000-seat arena.

  • The vote does not signal full approval of the project but allows the two sides to continue negotiations.
  • The team told council members the team would invest $1.7 billion in the project, which would create almost 7,000 new jobs.
  • The proposal includes securing $200 million in public infrastructure bonds, which would be sold to private investors. 

The team is looking to build on a former garbage dump and said it would have to remediate and remove 1.5 million tons of trash.

The Coyote’s current lease for Glendale’s Gila River Arena expires this month, and the team has made arrangements to play the next three seasons at Arizona State University.

From Dump to Mini-City

Like many new stadium and arena projects, the Coyotes are planning for much more than a sports venue.

The team has laid out designs for a 200-room hotel, retail, and restaurant locations, as well as 1,680 residential units.

The project has faced opposition from the city of Phoenix and nearby Phoenix Sky Harbor Airport, mostly for its inclusion of residential units.

Copy Link
Link Copied
Link Copied

What to Read

The Mississippi Department of Human Services on Monday sued retired NFL quarterback Brett Favre along with several other people and businesses to try to recover millions of misspent welfare dollars that were intended to help some of the poorest people in the U.S.

Judge in Mississippi Welfare Case Boots Brett Favre’s Lead Lawyer

The judge wrote he had a ‘pattern and practice of delicate deception.’

‘Where’s truTV?’ March Madness Channel Is Now TNT Sports’ New Star

Warner Bros. Discovery will make its sports emphasis on truTV ‘even more pronounced and consistent.’

Salt Lake City Takes Key Step to Handing NBA, NHL Owner Ryan Smith $900 Million

An agreement between Smith and the city was approved Tuesday night.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
podcast thumbnail mobile
Front Office Sports Today

WNBA ASG, Paris Olympics Continue Rise of Women’s Basketball


Featured Today

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.
July 21, 2024

O No Canada: The Next Big Sports Betting Scandal Could Erupt North of the Border

‘It’s open-season for match-fixing up there.’
July 20, 2024

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.
Apr 15, 2024; Brooklyn, NY, USA; Caitlin Clark poses with WNBA commissioner Cathy Engelbert after being selected with the number one overall pick to the Indiana Fever during the 2024 WNBA Draft at the Brooklyn Academy of Music.
July 16, 2024

Women’s Sports Merch Is a $4 Billion Market, but Supply Isn’t Meeting Demand

Retailers can’t make women’s sports apparel fast enough.

A’s Stadium Site Demolition Begins, but Many Questions Remain

Questions remain regarding each of the three main components of the ballpark financing.
July 16, 2024

Angels and Anaheim Reach $2.75 Million Stadium Settlement

Two years ago, an FBI investigation derailed a stadium agreement.
July 18, 2024

St. Pete Approves $1.3 Billion Rays Stadium, Ending Relocation Rumors

St. Petersburg’s city council formally approves the MLB club’s $1.3 billion stadium plan.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 12, 2024

Oakland Minor League Baseball Team Experimenting With Fan Ownership

The Ballers say more than 1,000 people have registered interest.
July 9, 2024

Missouri Steps Up Efforts to Keep Chiefs, Royals From Moving to Kansas

Missouri Gov. Mike Parson is getting personally involved in efforts to retain the two local pro teams.
June 28, 2024

NHL Draft and the Sphere Are About to Make History Together in Vegas

League officials call the next-generation venue ‘the biggest canvas you’ll ever paint on.’
June 27, 2024

Hurdles Still Remain After Jaguars Secure $775 Million for Stadium

The NFL team still needs to get league approval on its stadium deal and select a temporary home.