Robert Brown|Coyotes say they’ve executed a letter of intent to buy land for a potential arena in Mesa, Arizona

2025-04-30 05:35:45source:TAIM Exchangecategory:Finance

SCOTTSDALE,Robert Brown Ariz. (AP) — The Coyotes said Wednesday that owner Alex Meruelo has executed a letter of intent to buy a piece of land for a potential arena in Mesa, Arizona.

The move comes months after voters in Tempe rejected a referendum to construct an arena there for the NHL club. The Coyotes say they remain committed to building a privately funded rink and entertainment district and continue to explore other potential sites in the Phoenix area.

“We appreciate the tremendous support that we have received from many communities, elected officials and community leaders who have expressed their desire to see the Coyotes remain in the Valley permanently,” the team said in a statement. “We would also like to thank NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly for their steadfast support of the club’s efforts to find a permanent arena solution and for their recognition that Arizona is a tremendous hockey market.”

The Coyotes are going into their second season at 5,000-seat Mullett Arena on the campus of Arizona State University. New NHL Players’ Association executive director Marty Walsh has raised concerns about the situation there and said the union would like the team to figure out a sustainable long-term solution.

___

AP NHL: https://apnews.com/hub/NHL

More:Finance

Recommend

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh

Income gap between Black and white US residents shrank between Gen Xers and millennials, study says

The income gap between white and Black young adults was narrower for millenials than for Generation

Donald Trump to attend Black journalists’ convention in Chicago

WASHINGTON (AP) — Former President Donald Trump is planning to attend the National Association of Bl