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The Arizona State Land Commission might have put the kibosh on what’s left of the Arizona Coyotes Friday, canceling an upcoming auction for land where the former team’s owners planned to build a $3 billion arena and entertainment complex in anticipation of a reborn franchise.
Read More: https://sports.yahoo.com/nixed-land-auction-puts-coyotes-005751635.html
The auction for 95 acres of land in north Phoenix on the border of north Scottsdale was scheduled for Thursday at the starting price of $68.5 million. The commission said it has determined that owner Alex Meruelo must now seek a Special Use Permit to build an arena on that property, which is already zoned for such a purpose.
“This unprecedented action seriously jeopardizes the future of NHL hockey returning to the desert,” the Coyotes, who were surprised by the decision, said in a statement.
Topics:
0:00 Just to recap: IMPORTANT STEPS
3:21 What Arizona Land Department said
5:09 Arizona Coyotes statement
7:46 Real issue and complications?
8:20 Takeaways & WHAT TO MAKE of this?
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#nhl #hockey #arizona
20 Comments
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How is the state going to get shorted on tax money when Meruelo was seeking a loophole to exempt his project from taxes anyway??
This is all part of the script… wake up sheeple!/tax cattle!
snake oil salesman merlo/giterez get it shoved up their …🤣
I'm cynical enough to believe that Murello is either relieved because he can keep his billion or he was partly behind it, so now that it fails and no more Coyotes, he can claim he gave it his best, but out of his control.
I think we are overcomplicating this. The simple truth is Arizona does not trust Meruelo to pay up and they do not want to be stuck with the bill. Bodie covered this on another video but looking closer at the amusement park designation details, I feel like ASLD was not fully on board with that.
In my opinion, the NHL left Phoenix begrudgingly because of the market size. Phoenix is one of the 10 biggest metro areas in the country whereas SLC does not even rank in the top 50. Phoenix is 4x the size and I don't think the NHL wanted to give up that big of a market like they had to with Atlanta without a fight.
But sometimes, you just have to wave the white flag. And I think that's exactly what's happening here. NHL saw no end in sight playing in that silly college arena plus, this was likely just insurance incase the Utah team can't get out of the Jazz arena in a few years. Bottom line, I think hockey in Phoenix is done and hockey in Salt Lake City is here to stay
Why didn’t the SLD require the special use permit to begin with? Could it be that the rich folks in Scottsdale with political connections are doing everything to keep the Coyotes from getting this site? I don’t blame the Coyotes for being pissed. I don’t see the Coyotes coming back. NHL should a have given Muerello the option to selling his right to build an arena and get a team back.
I have a feeling AM will be in legal trouble soon and his deal with the NHL may be voided. This guy is shady AF. Arizona deserves better.
I still completely believe they (AM and GB) have no intent on bringing the coyotes back. This was just a get out of jail free card and lip service. Lip service from a slimeball lawyer (Gary) and a souless billionaire (alex).Why be upfront and do something that will anger some ppl when you can lie and soften the eventual blow as it becomes evident over 5 years when the wound is less raw. When you're running a business, angry patrons, regardless of quantity, are not good for business.
The NHL is probably beyond happy they got them out of Arizona. SLC saved that team form a huge legal fight for the NHL
good summary brodie , but you are wrong ,saying sports teams are not developers @10:12 ,
when coyotes owner meruelo has developed , built and owns casinos , resorts , and other commercial buildings ,, fraud and liar meruelo is a developer first and foremost , and his #1 agenda in arizona has always been building a casino ,resort and luxury apartment complex ,
hockey was an excuse for him to develop more buildings in phoenix metro area. he knows full well proper permits are required to develop land anywhere , he should have had his bevy of lawyers read " REZONING FOR DUMMIES .. before threatening to sue the city for his incompetence .
Absolute dumpster fire 🔥of an owner. The nhl was so lucky to get that team out smoothly
Say what you will about Meruelo (and he's earned it, don't think for a second I'm defending him) but why is the ASLD bringing this up at the 11th hour? Assuming what's been said by both sides is true, the discrepancies should have been pointed out and fixed well before now.
Not surprised at all!
The state has paid for 2 arenas for the Yotes already… why would they give tax free Theme Park status just to lose more.
Is it legal to apply for a permit on land you don’t own? Is the state going to apply for the permit on behalf of the team? Will other bidders need to have an approved permit in hand? This is convoluted.
Him and fisher are probably friends 😂
It seems like the NHL picked the wrong partner with Meruelo. Given Arizonas latino population, and there being no hispanic owners at the time in NHL, perhaps they overlooked the fact that he's an idiot to satisfy DEI directives. Not an uncommon outcome.
Meruello never intended to bring the team back. all the talk of paying for everything is just to save face so he can continue to do business in the area and say like "ya the league fkd us i did everything i could"
It sounds to me that Phoenix does not want Meruelo as a corporate sponsor. I feel bad for the fans