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.
