"Coyotes Secure Land Auction Win for Privately Funded Arena & Entertainment District"
The Arizona Coyotes have announced their commitment to winning a state land auction and developing a privately funded sports arena and entertainment district in Phoenix, Arizona, without taxpayer funding. The proposed development includes a state-of-the-art arena, practice facility, live music theater, retail space, residential units, office space, and more, with the aim of creating a vibrant community and generating significant economic benefits for the region. The project is expected to create thousands of jobs and generate billions in new spending and tax revenues over the next 30 years.