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Senate panel advances Coyotes arena proposal, but legislators remain wary

Los Angeles Kings v Phoenix Coyotes

A conflicted Senate panel has agreed to advance a bill setting up a way for the Arizona Coyotes to use tax money to help build a new arena.

The proposal from Sen. Bob Worsley, R-Mesa, would let the Coyotes use half the new sales tax generated from a new arena and business district it wants built to pay off bonds.

The Coyotes have a year-to-year lease on a taxpayer-funded arena in Glendale. They want a new facility either in downtown Phoenix or in Tempe.

The team says it will put in $170 million and expects the same amount from bond sales.

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One comment

  1. Where’s my free money?

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