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Tuesday, April 23, 2024
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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.

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