By Craig Morgan for Arizona Sports 98.7FM
Private developers, in cooperation with the Salt River Pima-Maricopa Indian Community, are exploring the idea of building a 20,000-seat multi-purpose event center south of the Scottsdale Pavilions and west of the 101 Freeway that they say could potentially house the Arizona Coyotes or Phoenix Suns, multiple sources told Arizona Sports this week.
The facility would be part of a larger, approximately 65-acre sports village that could also include retail, entertainment, living and work spaces. A group of local businessmen, investors and advisors has been working with the community for more than a year, and multiple sources said the basic structure of the financing is already in place with Barclays Bank in the fold.
One source termed the project “an examination, with nothing concrete set yet,” admitting that an anchor tenant like the Coyotes or Suns would help.
A decision on whether to move forward is expected within the next six months.
Read more at Arizona Sports 98.7FM