Posted Nov 14, 2016, 6:01 PM
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More Hockey Details
http://www.azcentral.com/story/sport...empe/93784410/
Quote:
The Arizona Coyotes could become one of the first tenants in Arizona State's Athletic Facilities District.
IceArizona Holdings, the company that owns the NHL's Coyotes, is entering into a negotiating agreement with Catellus Development Corporation to create a development plan for approximately 58 acres in the ASU district. The proposed project would include a 16,000-seat arena for the Coyotes and attached 4,000-seat multi-use arena for ASU hockey and other sports, Coyotes practices plus youth hockey and community events.
Catellus, master developer for the district, and the Coyotes have until June 30, 2017, to create a budget, design and operational plan for the development, expected to include a hotel and mixed-use office space. The deal also will require finalizing a partnership with Tempe and other public sector constituents...
The 58 acres, out of 330 in the district, are at the northwest corner of McClintock Drive and Rio Salado Parkway, near the intersection of freeway loops 202 and 101 and across McClintock from Tempe Marketplace...
"As the first major partner for the ASU Athletic Facilities District, the Coyotes campus will set an exciting tone for this innovative urban corridor," said Greg Weaver, Catellus executive vice president...
The ASU hockey team, in its second varsity season, is playing a few home games at Gila River Arena and the rest at Oceanside Ice Arena, where it played as a club team. One is too large and the other too small, but a 4,000-seat venue would be a good fit for college hockey and Olympic sports.
ASU would pay for part of the construction and operating costs for the smaller arena and have naming rights. It also will brand the facility with ASU markings and signs like it has with Phoenix Municipal Stadium, now its baseball home.
Details are not yet available about how much the Coyotes would pay ASU in lieu of property tax, the way the district is designed to function to create revenue for athletic facilities.
The negotiating agreement between Catellus and the Coyotes does not require approval from the Arizona Board of Regents.
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https://www.nhl.com/coyotes/news/coy...na/c-283720238
Quote:
The agreement provides for a period ending no later than June 30, 2017 to create the overall budget, design and operational plan for the development. The Coyotes will now focus on finalizing a partnership with other public sector constituents including the State and the City of Tempe.
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