The Arizona State Land Department has cancelled the June 27 auction the Arizona Coyotes were expecting to take part in as part of their hopes of building a new arena.
The ASLD is looking for Miracle Development, LLC., the Coyotes’ developer, to acquire a special use permit in order to provide certainty that the organization can follow through on its plan to build on the land.
“After much consideration, the Arizona State Land Department (ASLD) has determined that it is in the best interest of the Trust to cancel the auction and reorder the steps,” the ASLD said in a release. “ASLD recently confirmed that the proposed arena use will require a Special Use Permit, and as a result we are requesting that the applicant file for and receive a Special Use Permit prior to the auction. This affords the applicant and ASLD certainty that the applicant can build what it intends to build for its anchor tenant. It is not uncommon for ASLD to require applicants to secure zoning/use permits prior to auction.
“We understand the delay in an auction is a disappointment for our applicant and members of the public, but the change in timing is the prudent decision for the Trust. ASLD remains open to working with our applicant to bring the land forward to auction in the future if a special use permit is received.”
The Coyotes’ Miracle Development, LLC., was the only registered bid on the land located in Scottsdale. The Arizona State Land Department Board of Appeals unanimously approved the $68.5million appraisal of the 95 acres. Bidding was expected to start at that amount and must be made in $100,000 increments at minimum.
Owner Alex Meruelo sold the team to Utah’s Ryan and Ashley Smith in a $1.2-billion deal brokered by the league after the regular season.
Meruelo retained the rights to the Coyotes’ name, logo and trademark. He also got a five-year window granted to build an arena and reactivate the Arizona franchise.
The Coyotes had been in turmoil since the conclusion of the 2021-22 season, when the City of Glendale opted not to renew its contract with the team to play at Gila River Arena. Voters then rejected, in early 2023, a proposed entertainment district that would have included an arena in Tempe.
The team had been playing at Mullett Arena, a rink with a capacity of 4,600 for NHL games on the campus of Arizona State University, for the past two seasons.
