Arizona Coyotes will open new arena in downtown Phoenix
Phoenix is planning to open a new arena for the Coyotes and a hotel-condominium complex next door.
The team announced the news Tuesday.
It is a “major milestone for the Phoenix Coyotes,” said team president and CEO Anthony LeBlanc.
“We will have a world-class arena in the downtown core.”
The Coyotes announced plans in August to move the team to a new facility in downtown Scottsdale, but the plan was not completed before the NHL lockout ended.
The team was set to open its new facility, called the Bridgestone Arena, in 2020.
The arena is slated to open in 2019.
The announcement was made during a news conference.
It also came amid a push for new arena financing for the Arizona Coyotes.
LeBlanc said the team is expected to make an announcement on the financing next month.
“We’re on the verge of the beginning of our financing process,” he said.
“It will include a long-term arena lease and the naming rights agreement with the team.
That’s our goal and we’re working on it as quickly as possible.”
A $3.2 billion arena project is the team’s first major move since its relocation to Vancouver in 2006.
The move comes as the NHL continues to explore a new model for a new downtown arena, including the possibility of using a partnership with the NHL, as the league’s chief operating officer, Scott Wilson, has suggested.
The two leagues are working on a new plan to build an arena on the downtown side of the stadium site.
The league has not made a final decision on whether to use a partnership, but Wilson has said that the NHL is looking at ways to develop an arena.
“It would be really important to get a good deal on the arena,” Wilson said earlier this year.
“I think we could probably use some other partners to try and make it happen.
I think we can make some sort of an agreement for the next five to 10 years and we’ll be a lot more likely to get this done.
It’s going to be really difficult to get an arena in Phoenix.”
The NHL is expected in the fall to announce its plans for a downtown arena.
Leblanc said there is no timetable for the arena, but he said it will be open by 2020.
The project will include hotels, restaurants, a retail center and a new hockey complex.
The Coyotes have been considering the possibility for years.
Last year, LeBlanis said the club was working on the project for “several years.”
LeBlanchez said the Coyotes will use the arena to host concerts, and will likely also host other events in the future.
The Phoenix area is also home to a large hotelier who is also the developer of Bridgestones Arena, the new arena that opened last year in Nashville, Tennessee.
Bridgestones opened on June 1, 2020.
LeBrock said the new Bridgestoned arena will include suites, a food court and a video arcade.
“This will be a place where you can come in and just hang out, relax and play,” LeBlanchess said.
“The people who work here, that’s where you’ll be able to really get a feel for the kind of atmosphere that’s going on.
We’re looking forward to hosting some of those events in Bridgestoning.”
Leblanchess also said the arena will be “the perfect place for our young players to come play.”
LeBrosons decision to move came after the team had missed a deadline to raise $20 million to finish its expansion draft.
The NHL has been looking for more than $40 million to complete the process, but has so far been unable to find a buyer.
The New York Islanders are the latest team to announce a plan to open an arena at their Barclays Center.
The Islanders announced plans last month to use an arena partnership with MGM Resorts International to build a new $1.4 billion arena in Brooklyn, New York.