TEMPE, Ariz. (AP) – Arizona Coyotes gave an extensive presentation, had players to offer their support and heard concerns raised by Sky Harbor Airport officials. More than 100 citizens presented their views, and then statements from 220 were read in the Tempe City Council chambers.
After an eight-hour meeting, the Coyotes finally got what they wanted: approval to negotiate with the city of Tempe to build a new arena closer to downtown.
Now comes the next step.
The right to negotiate a deal is in the process of being worked out the details that Coyotes expects as a final step towards getting a new permanent home.
“It’s not just here, it’s the term sheet, here’s a number,” said Javier Gutierrez, president and CEO of Coetzee. “It simply came to our notice then.
Coyotes have been looking for permanent residence since the city of Glendale withdrew from a 15-year $ 225 million lease in 2015. Glendale decided not to renew the lease after the 2021-22 season and the Coyotes found a temporary home here. Arizona State’s new 5,000-seat arena opens next season.
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On June 2, when the Tempe City Council voted to negotiate a nearly $ 2 billion proposed development that would include a new arena, entertainment district and residential units, the franchise took a big step towards getting a permanent home.
Coyotes submitted more than 90 pages of proposal to Tempe, so the main parts were laid out. In addition to resolving Sky Harbor and the FAA’s concerns about the district’s proximity to one of the airport’s runways, both sides have already begun to hash many details.
Gutierrez and Coyotes are expected to sign a 46-acre deal by the end of this year, but know it could take longer.
“We want to do it in the fall. That’s what we told them. We said it was our ideal,” Guterres said. “But we know very well that this is not our decision. We do not control the process. We respect this process from day one. We know the city is directing it and trying to make sure they are comfortable. ”
Coyotes plans to financially finance the entire project and buy land from the city. The franchisee is asking Tempe to pay a portion of the sales tax generated by private real estate for bonds with the sole guarantor of the land and real estate.
“It will be financed privately,” he said. “We will set up the capital. We are very excited about creating the first privately funded recreational district in Arizona history.
Gutierrez said the Coyotes have already started selling season tickets for the 2022-23 season at the Arizona State Arena, although the team is not yet ready to release details. Since the team will play on campus for the next three years, Coyotes plans to offer Arizona State students 500 tickets per game.
“We want them to enjoy the game of hockey, where many of them may never have done so in their lives,” Gutierrez said. “And it went very well. We’re very confident.”
Now that Temp has agreed to the talks, the process has begun. Coyotes hope to bring it into a new field.
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