Voters in Tempe, Arizona rejected a proposal for an entertainment district that included a new home arena for the Arizona Coyotes. The team’s president and the NHL commissioner expressed disappointment and stated that they will explore future options. The proposed project, which was privately funded, included an arena, hotels, shops, restaurants, and residential units. The Coyotes had been playing in a temporary arena after being evicted from their previous one. The team’s next steps are uncertain.
Menu
More Information
Frequently asked questions
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Helpful blog posts
Menu
480.947.0600
