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Arizona Coyotes eye north Phoenix land for new arena

PHOENIX - The Arizona Coyotes' search for a new arena took a step forward on Thursday.

The team is looking to buy land in north Phoenix and hopes to build a new area near the Loop 101 and Scottsdale Road.

On March 14, the Arizona Land Department's Board of Appeals voted to approve putting up the state-owned land for auction.

<div>CHICAGO, IL - MARCH 10: <a class="link " href="https://sports.yahoo.com/nhl/players/6985/" data-i13n="sec:content-canvas;subsec:anchor_text;elm:context_link" data-ylk="slk:Connor Ingram;sec:content-canvas;subsec:anchor_text;elm:context_link;itc:0">Connor Ingram</a> #39 of the Arizona Coyotes watches as a puck goes past him for a goal during the third period against the <a class="link " href="https://sports.yahoo.com/nhl/teams/chicago/" data-i13n="sec:content-canvas;subsec:anchor_text;elm:context_link" data-ylk="slk:Chicago Blackhawks;sec:content-canvas;subsec:anchor_text;elm:context_link;itc:0">Chicago Blackhawks</a> at the United Center on March 10, 2024, in Chicago, Illinois.</div> <strong>(Photo by Melissa Tamez/Icon Sportswire via Getty Images)</strong>

The Coyotes have petitioned to buy the 110-acre land under the company name "Miracle Development." The land is valued at around $68 million.

The Coyotes currently play their home games at Arizona State University's Mullett Arena.

The team's future in Arizona has been unclear after Tempe voters voted down a proposed $2.3 billion entertainment district.

Map of where the land is located