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.
Get stock market alerts:
Sign Up
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
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
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
