Tempe’s City Council unanimously voted to bring a new $2.1 billion Arizona Coyotes arena and entertainment district to a May 16 voter referendum.
While $1.9 billion of the project is said to be privately funded by the Coyotes’ ownership group, the city has agreed to pay as much as $229 million for infrastructure at the site along with agreeing to a 30-year abatement of property taxes on the arena, music venue and Coyotes practice facility along with an eight-year abatement for the district’s hotels, residential units, retail and office spaces.
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