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Bill to help fund $395M arena for Arizona Coyotes clears second legislative hurdle

Posted by   /  February 23, 2017  /  No Comments

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Sen. Bob Worsley

KTAR

A bill that would help fund a $395 million arena for the Arizona Coyotes has cleared a second hurdle on its way to passing in the state Legislature.

Senate Bill 1149 passed the state Senate Rules Committee on Thursday. It heads to the floor for a full state Senate vote next week.

The bill, Sen. Bob Worsley’s second attempt to provide money for a new home for the team, passed a different, smaller state Senate committee last week.

Should it pass, the bill would create a public-private partnership to build the arena. It would be built with $170 million in team money, $55 million from the host city and an additional $170 million raised through bond sales.

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