April 26, 2024 8:21 pm
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Arizona Coyotes want legislature to create special taxing district for new arena

arizona-capitol-fbookTaxpayers would fund at least $350 million for arena

By Craig Harris | The Arizona Republic

Despite being turned down by one key lawmaker, the Arizona Coyotes continue seeking legislation to allow creation of a municipal taxing district that would give the National Hockey League franchise a new arena, its president told The Arizona Republic.

One proposal floated at the Capitol would allow from $350 million to $750 million to be generated for an arena from sales and excise taxes imposed within a new taxing district. The plan, detailed in a 49-page draft bill obtained by The Republic, also could allow public funds to be used to build a hotel or other commercial real estate within the district, according to those who have examined the proposal.

Continued:

Related: Phoenix Suns get lucrative sales offers but Robert Sarver not interested in selling

Glendale moves ahead with shifting arena management from Coyotes to AEG

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