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.
The Coyotes confirmed they would want a hotel in any arena project — it would generate taxes to help pay for the arena — but public funds would not be used to build it.
The district's location and size was not specified, but only a community with a population of at least 150,000 people could establish a taxing district. By that definition, several Valley cities would qualify to create such a district.
The team would contribute $100 million to $170 million toward any project, according to Anthony LeBlanc, the team's president and chief executive. He said the franchise is looking to build on 50 to 60 acres.