Arizona Coyotes arena: Real estate group eases opposition, tax watchdog still against Tempe plans

Phoenix Business Journal
Friday, December 2, 2016
Mike Sunnucks

A leading commercial real estate group is easing its opposition to a proposed new arena the Arizona Coyotes want to build in Tempe next to Arizona State University.

NAIOP Arizona has changed its position on the proposed $400 million Coyotes arena from opposed to neutral, said Tim Lawless, president of the arm of the national commercial real estate group.

NAIOP previously had worried about the Coyotes' efforts to get the Arizona Legislature to approve a special tax district to help get a new arena on the site of the former Karsten Golf Course next to ASU financed and developed.

“We were initially opposed,” Lawless said.

But now the group is neutral.