The Arizona Coyotes will ask the state Legislature to divert up to $200 million in tax dollars to help pay for the team's planned $400 million arena in Tempe, Coyotes executives said at a news conference Monday.
The team would contribute the other $200 million to a project that "pays for itself," said Anthony LeBlanc, the Coyotes' chief executive officer.
"There's no question that we're going to have some form of public-private partnership to make this work," LeBlanc told reporters.
"That is a very typical model. We are not going in and asking for government to build us an arena."
The state money would come in the form of rebates to the team on sales tax and other tax revenue generated by the arena.
The money would help pay for construction of the 16,000-seat arena, an adjacent hotel, a 4,000-seat multi-purpose arena for ASU, and other development.
The arena would be built on the site of ASU's Karsten Golf Course, at the northwest corner of S. McClintock Drive and Rio Salado Parkway.
"The stadium will be first-rate. The drawings look gorgeous," said Coyotes majority owner Andrew Barroway.
The new arena would be the first project developed inside the ASU Athletic Facilities District, which collects all property taxes from projects on the 330-acre site.
Last spring, the Coyotes floated the idea of special taxing district at the Legislature. It went nowhere.
The request for the Tempe arena would be heard during the legislative session that starts in January.
The City of Tempe is also being approached for possible breaks.
The Coyotes' move was set in motion last year by the City of Glendale's decision to shorten the team's lease, giving the team an out at the end of 2017. LeBlanc said he didn't seen any problem extending the lease to 2019.
The Coyotes' departure from Glendale would occur before the 2019-2020 season.
That would leave Glendale without a major tenant for the city-owned Gila River Arena, which was built for the Coyotes in 2003 to lure the team from downtown Phoenix.
Glendale still owes tens of millions of dollars to pay off construction of the 13-year-old arena.
Glendale officials released this statement:
"The City of Glendale has consistently stated its desire that the Arizona Coyotes remain the prime tenant in Gila River Arena. Although the Coyotes have stated their desire to explore other options, the City of Glendale is committed to helping the team be successful while they play in the Gila River Arena."
LeBlanc said the team's research showed its fan base was in the East Valley.
"Someone once said to me there'll be a silver lining," LeBlanc said of Glendale's decision to shorten the team's lease. "The answer is, there was a gold lining."
The team and Catellus Development Corp. have set a June 2017 deadline to create a "budget, design and operational plan" for the project.
The timing would coincide with the Arizona Legislature's regular session, which typically ends by May.