Arizona Coyotes to Bid on State Land for New Arena in Last Stand Effort

Owner Alex Meruelo is fully committed to winning the June 27 auction, despite rumors of selling the franchise.

The Arizona Coyotes are set to bid on a 95-acre parcel of state trust land in North Phoenix for a new arena, with the auction scheduled for June 27.
Owner Alex Meruelo is committed to winning the auction, amidst rumors of gauging interest in selling the franchise for $1 billion.
The planned $3 billion development includes a 17,000-seat arena, practice facility, and additional entertainment and residential spaces.
Construction could begin in 2025, with the arena opening targeted for late 2027, ahead of the hockey season.
The project is to be privately funded, though the team may seek a special taxing district to finance construction.