Coyotes take a step nearer to constructing a brand new enviornment in Tempe

Although there is still a long way to go, the team management responded well to questions from citizens and local authorities to obtain permission to enter into negotiations with the city council.

The coyote players were also on hand to receive complaints from officials at the Sky Harbor airport serving Tempe, in addition to the concerns of a hundred citizens who came to testify.

Another batch of 220 statements written by residents were also reviewed during the eight-hour hearing.

What is the next?

Now that the Coyotes have been granted permission to trade, they can enter what they hope will be the final phase that will lead to obtaining a new permanent home.

It’s not just wind. It’s concrete with numbers on paper, said Coyotes president and CEO Xavier Gutierrez. This includes everything that has already been put on the table. This is a continuation of the analysis done on behalf of the City and our response to some specifics.

The Coyotes have been looking for a new permanent home since the City of Glendale terminated a 15-year, $225 million contract signed in 2015.

Glendale chose not to renew his contract beyond the 2021-2022 season. The Coyotes have since found a temporary home within the walls of Arizona State University’s new 5,000-seat arena, which they will move to when the next campaign begins.

Indirect public funds

The NHL organization had already taken a big step towards securing a new home on June 2, when Tempe City Council approved a $2 billion real estate development project, including an entertainment district, residential units and a new arena. .

The Coyotes presented the city with a 90-page document to that effect. The parties have already begun negotiations that include Sky Harbor Airport and the Federal Aviation Administration’s (FAA) concerns about the future amphitheater’s proximity to one of the airstrips.

Gutierrez and the Coyotes would like to reach an agreement on using the 46-acre land by the end of the year, although they know it could take longer.

The Coyotes intend to finance the project with private resources and hope to be able to acquire the land from the municipality.

In return, the organization would like to benefit from a portion of the sales tax generated by this project and cover the value of capitalization bonds with the sole guarantee of the value of the land and the real estate developments contained therein.

The Coyotes have launched their ticket sales campaign for the 2022-23 season, but Gutierrez says the team isn’t ready to reveal details.

As the Coyotes will play their next three seasons on the campus of Arizona State University, the latter plans to offer 500 free tickets to each game to students.

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