Free Trial

Tempe council approves plan for Arizona Coyotes' new arena

Arizona Coyotes right wing Clayton Keller skates with the puck before scoring an empty-net goal against the Florida Panthers during the third period of an NHL hockey game in Tempe, Ariz., Tuesday, Nov. 1, 2022. The Coyotes won 3-1. (AP Photo/Ross D. Franklin)

TEMPE, Ariz. (AP) — The Tempe City Council has unanimously approved a proposal for a new Arizona Coyotes arena and entertainment district, clearing the way for a public vote on the project next year.

The City Council approved the proposal 7-0 late Tuesday night after a lengthy meeting that included NHL Commissioner Gary Bettman.

The $2.1 billion project would include a 16,000-seat arena, practice rink, 1,600 apartments, two hotels and a theater. Approval of the project was the final step before it goes to referendum on May 16.

The team is currently playing at Arizona State’s 5,000-seat Mullett Arena, by far the NHL’s smallest arena.

The Coyotes have been searching for a permanent home since the city of Glendale pulled out of a multimillion-dollar lease at Gila River Arena. Arizona had been playing on an annual lease until Glendale said it would not be renewed for the 2022-23 season.

___

AP NHL: https://apnews.com/hub/nhl and https://twitter.com/AP_Sports

→ The Final Frontier (From Porter & Company) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar
Top 3 Stocks Under $20 with Strong Buy Ratings and Growth Potential
ISRG Stock Surges: AI and Healthcare Innovation at the Core

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines