The Arizona Coyotes' application to acquire 95 acres of state land in North Phoenix for a new arena has been approved, with the Arizona Land Department Board of Appeals set to consider the land auction on Thursday. This development comes as Phoenix sees a surge in construction, with 192 units planned across seven three-story buildings and one two-story building, and a total of 73 properties, most Class A, encompassing 19,561 units, having broken ground in 2023. The city of Phoenix has also issued a new building permit for the project, indicating plans for several amenities within the development. The bidding for the land sought by the Coyotes is to start at $68.5 million.
Phoenix land sought by Arizona Coyotes gets OK to be sold, bidding to start at $68.5M https://t.co/6pQTWK2fF0
Arizona Coyotes eye north Phoenix land for new arena https://t.co/RaHYeeC8WC
A new building permit that's open within the city of Phoenix shows plans are in the works, specifically on a few amenities for the development. https://t.co/Sck0BTPCL4
It will be interesting to see how this translates. Phoenix has a lot of units coming online, most Class A. A total of 73 properties, encompassing 19,561 units, broke ground in 2023 in Phoenix. https://t.co/rupw7poOF5
This is starting to look like it might have legs. 192 units across seven three-story buildings and one two-story building. https://t.co/MSsd5PIYKe https://t.co/pmxSFzJ8vv
JUST IN Arizona Coyotes’ application for 95 acres of state land for new arena will be taken up Thursday by Arizona Land Department Board of Appeals. Board could approve land auction. https://t.co/ExqwcmJV86