• Loading stock data...
Tuesday, July 16, 2024

Coyotes’ Plans for $2.1B Arena, Entertainment District Approved

  • The 46-acre project would feature a 16,000-seat arena and practice facility.
  • Hotels, retail shops, apartments, and a theater are also included.
Renderings of new Arizona Coyotes stadium in Tempe
Arizona Coyotes

A new home for the NHL’s Arizona Coyotes is one step closer to reality. 

The Tempe City Council has unanimously approved the team’s proposal for a new arena and entertainment district that could cost up to $2.1 billion

The plan was proposed by Bluebird Development, a real estate company owned by Coyotes owner Alex Meruelo

  • The 46-acre project would feature a 16,000-seat arena and practice facility.
  • Hotels, retail shops, apartments, and a theater are also included. 
  • At least $1.9 billion of development costs will be privately funded. 

Final approval for the proposed project depends on a voter referendum on May 16, which will decide whether the Coyotes will eventually move from Arizona State University’s Mullett Arena. 

The Coyotes — the least valuable NHL team at $400 million, per Forbes — have played their home games this season at ASU, which has a capacity of only 5,100. 

The team began playing at ASU following a dispute with the city of Glendale over Gila River Arena. The Coyotes owe $1.3 million in unpaid taxes and arena charges and have until Dec. 20 to settle their outstanding debt, which includes $250,000 owed to the city of Glendale.

Making A Commitment 

Despite waiting for approval on a new home, the Coyotes could see new opportunities if their development plan comes to fruition.

NHL commissioner Gary Bettman has vowed to bring the NHL All-Star Game or NHL Draft to Tempe if the project is approved. “It’s a private-funded project, and the club’s prepared to execute a 30-year, non-relocation agreement,” Bettman said.

Copy Link
Link Copied
Link Copied

What to Read

Apr 29, 2024; Baltimore, Maryland, USA; Baltimore Orioles shortstop Gunnar Henderson (2) swings through a first inning solo home run against the New York Yankees at Oriole Park at Camden Yards.

The Home Run Derby Has Become a Big Business Opportunity

New format, narrowing gap with All-Star Game ratings highlight the event’s importance.
Jul 14, 2024; Miami, FL, USA; fans rush the gates before the Copa America Final match between Argentina and Colombia at Hard Rock Stadium.

Copa América Fallout: Greater Logistical Challenges Await 2026 World Cup

Argentina beat Colombia after unticketed fans entered the stadium.
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.’
Jun 23, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Pirates starting pitcher Paul Skenes (right) reacts as he talks with pitcher Jared Jones (left) after the seventh inning against the Tampa Bay Rays at PNC Park.

The Pirates Are Facing Political Pressure to Play Better

Pennsylvania state representatives call on the MLB club to boost its payroll.
podcast thumbnail mobile
Front Office Sports Today

MLB Draft, ASG Highlight Teams’ Shifting Approach


Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.

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.
July 10, 2024

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.
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.
June 25, 2024

Billions in Public Funds Are Pouring Into NFL Venues. More Is Expected

Jacksonville and Charlotte are paying big to keep their NFL teams happy.
June 25, 2024

Charlotte Doles Out Over $700 Million In Upgrades for Pro Sports Teams

The city council approved $650 million in renovations for the Panthers.