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Monday, September 25, 2023

Coyotes’ $2.1B recreation district plan rejected


Voters in Tempe rejected a plan for an entertainment district that would include an arena for the Arizona Coyotes.

informal vote result Proposals 301, 302 and 303 were tallied late Tuesday, and none received more than 44 percent of the “yes” vote. For the Coyotes’ plan to move forward, the measures would need a majority of votes.

Coyotes President and CEO Xavier A. Gutierrez said in a statement that the franchise’s next move “will be evaluated by our owners and the National Hockey League in the coming weeks.”

The $2.1 billion proposal includes a 16,000-seat arena, hotel, shops, restaurants and as many as 1,990 apartments. The 46-acre project proposed by Bluebird Development is also privately funded.

‘The National Hockey League is very disappointed,’ commissioner Gary Bettman said explain About the result of the stadium vote.

Coyotes – lowest value NHL team at $450 million, according to To Forbes — played home games at Arizona State last season with a capacity of just 5,100.

The team has called Phoenix home since relocating from Winnipeg after the 1995-96 season, but the team has never found a footing. In 2003, the Coyotes moved out of downtown Phoenix to Glendale, and in 2009 the team languished and went bankrupt under former owner Jerry Moyes.


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