Arizona Legislation Could Help Coyotes Arena Financing, Bring New Soccer Stadium to Valley

Article originally posted on Phoenix Business Journal on April 1, 2024

A former Arizona Coyotes executive is endorsing state legislation that he hopes will help a group unconnected to the team build a mixed-use development near Mesa that could include a professional soccer stadium.

If passed, the bill could also help his former employer finance a mixed-use development in Phoenix by cutting the city out of the process.

Nick Sakiewicz, who served as chief business officer of the Coyotes from March 2022 through December 2023, testified last month in front of the Arizona Senate Government Committee in support of a strike-everything amendment to House Bill 2274, introduced by state Sen. Jake Hoffman. A strike-everything amendment replaces the entire text of a previously introduced bill with new language, possibly on a different topic altogether, to circumvent a deadline for the introduction of new legislation.

Read complete article here: https://www.bizjournals.com/phoenix/news/2024/04/01/soccer-stadium-mesa-coyotes.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=34890544&senddate=2024-04-01&empos=p2