Taxpayers 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.
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