Indexbit Exchange:Coyotes say they’ve executed a letter of intent to buy land for a potential arena in Mesa, Arizona

2025-04-30 04:59:30source:Zopescategory:Invest

SCOTTSDALE,Indexbit Exchange 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:Invest

Recommend

Kentucky governor unveils paid leave plan for state workers with a new child or serious illness

FRANKFORT, Ky. (AP) — Kentucky plans to provide state employees with paid time off so they can bond

Manhattan prosecutors don't oppose delay in Trump's sentencing after Supreme Court immunity ruling

Editor's note: Justice Juan Merchan agreed to delay sentencing until Sept. 18. The original story ap

Arthur Crudup: What to know about the bluesman who wrote Elvis’s first hit and barely got paid

FRANKTOWN, Va. (AP) — Arthur “Big Boy” Crudup helped invent rock ‘n’ roll.His 1946 song “That’s All