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SCOTTSDALE, Ariz. — ̶̶ Following the publication of a public land auction notice by the Arizona Department of State Lands for 110 acres of state land at the northwest corner of Scottsdale Road and Loop 101 in the City of Phoenix, the Arizona Coyotes have announced their commitment to win auction and develop the land in a prime area for sport, lifestyle and entertainment without taxpayer funding.
The Arizona Coyotes hope to develop the first privately funded sports arena and entertainment district in Arizona history that will house the team for years to come. The historic state-of-the-art development will form a new lifestyle and entertainment epicenter in the Valley with convenient access to major thoroughfares. By purchasing this parcel of land, the Coyotes will fund Arizona public education through auction proceeds and unlock thousands of acres of land surrounding the property, committing over $100 million in infrastructure improvements that can be sold by the Arizona Department of State Lands to Later date.
“My family and I are committed to winning this land bid and building a transformative entertainment district that will not require taxpayer funding for the first time in Arizona history,” said Arizona Coyotes Chairman and Governor Alex Meruelo. “We’re going to buy that land, build that development and complete a project that will cost more than $100 million in infrastructure improvements, with no burden on the taxpayers.”
The proposed arena would have 17,000 fixed seats for NHL games and capacity for approximately 1,500 additional temporary seats for non-hockey events. The Coyotes’ new home will also include a 150,000-square-foot practice facility and headquarters, a live music theater for 3,000 concertgoers, 400,000 square feet of retail and a multi-purpose viewing party plaza equipped with a large screen to watch events. Providing comfort for Coyotes fans, the main entertainment area will be completely covered by a 170,000 square foot roof extending from the arena to the theater.
The Coyotes development plans also include approximately 1,900 luxury residential units, 400,000 square feet of Class A office space, branded retail, dining, bars, a farmers market, a dog park, multiple parking structures and other gathering spaces, all with easy access to major thoroughfares along the desirable Phoenix-Scottsdale border.
“We are thrilled that the proceeds from our land auction bid will also generate revenue to fund local education throughout the state of Arizona and support the communities that have been so loyal to the Coyotes for many years,” said Meruelo. “Arizona is our home and an incredible market where the Coyotes belong. This area will provide a beautiful home for Arizona coyotes for decades to come. Our loyal fans deserve this vibrant gathering place that will serve as a landmark to create lifelong memories.”
The proposed Coyotes development would create 10,800 new permanent jobs and generate $15.5 billion in new spending over the next 30 years. The project will generate $581 million in new tax revenue for the city of Phoenix and $232 million in new tax revenue for Maricopa County.
The Coyotes hope to turn one of the valley’s most prominent undeveloped parcels of state land into a privately funded vibrant community with no tax implications or financial obligations to the city of Phoenix, Maricopa County or the state of Arizona.
“We are excited about the prospects of building this historic development for Arizona Coyotes fans and expectant fans,” said Coyotes President and CEO Xavier A. Gutierrez. “This is more than just an arena project – it is a best-in-class urban redevelopment project that would transform an ideally located parcel of land into an Arizona landmark and create a vibrant neighborhood for people to live, work and play.”
“We are excited to continue working with Gensler and AECOM Hunt as we hope to make our long-standing vision a reality for Phoenix,” said Gutierrez. “Their innovative design and attention to every small detail make them the perfect partners as we strive to transform Arizona’s skyline.”
