It sounds like the long-rumored talk of the Arizona Coyotes coming to Tempe has cleared the largest hurdle to date.
**Update: ASU has pulled out of the Coyotes deal. Looks like the Coyotes will NOT be playing any hockey in Tempe*** Oh, well. It was fun to think about…
It was announced today that the Coyotes are working with the developer of the ASU Athletics Facilities Dictrict to finalize details of a development agreement for approximately 58 acres within the 330 acre district.
The 58 acres are said to include a hotel and some mixed-use office space, along with a 16,000 seat hockey arena for the Arizona Coyotes. The arena will also include an attached 4,000 seat multi-use arena where ASU Hockey will play. The venue will also be designed with other sports in mind including youth hockey and the ability to have community events.
More of a Central Location:
The location at McClintock and Rio Salado is close to the 101 and 202 freeways and is said to be closer to more Coyotes fans and corporate partners. The airport is minutes away, tons of restaurants, shops and hotel space are in the area, and many people feel like this region is a great fit for this type of development.
It became clear that the East Valley is home to a majority of our fans and corporate partners. – Anthony LeBlanc Arizona Coyotes Pres / CEO
A Really BIG Deal!
Having the Arizona Coyotes come to Tempe could be a really big deal for the entire area and for ASU. It sounds like several details still need to be finalized, but we’ll be sure to watch it very closely. With this kind of development and with the amount of major building happening along the Rio Salado corridor, it is fascinating for those of us who watch the housing market in Tempe and the immediate area.
With the massive amount of development we’ve seen just a mile down the road between Rural and Mill Avenue, and the thousands of jobs coming to downtown Tempe, this has to be considered one of the most intriguing parts of town from an investor standpoint. Seriously, take a drive down Rio Salado from McClintock to Mill Avenue. There’s well over a BILLION dollars in investment coming or recently added to the area.
Do you think this is a good fit for Tempe? We’ll be following this story and we’ll be watching this area VERY closely! More info coming soon!
Part 2 is here! More Than Coyotes Coming To Tempe?
Part 3 from the RailLife blog. Could the Coyotes deal help expand Tempe Streetcar?
Here’s a quick look at some of the homes for sale nearby…