Arizona Board of Regents formally approves plans for new on-campus arena at Arizona State

2016Jan10: Ryan Belonger (ASU - 16), Rob Nichols (UConn - 31). The UConn Huskies shut out the Arizona State Sun Devils 3-0 in the Consolation Game of the inaugural Desert Hockey Classic at Gila River Arena in Glendale, AZ. (©Rachel Lewis)
Arizona State and Connecticut played in the inaugural Desert Hockey Classic at Gila River Arena back in Jan. 2016 (photo: Rachel Lewis).

As expected, the Arizona Board of Regents has approved plans for a new multi-purpose arena, according to 98.7 FM Arizona’s Sports Station’s Craig Morgan.

The new facility will house Arizona State’s NCAA Division I men’s team, but the report did not mention anything about housing the ASU women’s team, which plays in the ACHA.

Per the executive summary that was released in late January, the 175,000 square-foot arena will seat 5,000 spectators for hockey with 250-300 club seats and 48 loge seats.

The new arena is expected to be finished in time for the 2020-21 season.

The Sun Devils currently play the bulk of their home games at Oceanside Ice Arena, which has a capacity of 1,000, but have played games at Gila River Arena in Glendale, the home of the NHL’s Arizona Coyotes.

The arena will be located just north of Wells Fargo Arena, adjacent to the arboretum, with Wells Fargo Arena also undergoing renovations as part of the $160 million project.

1 COMMENT

  1. I note that the minutes from the Regents meeting today only approves seeking financing for the project. This financing has yet to be secured. Since this is a state school, I assume the legislature has to now approve this expenditure/loan? Maybe someone in Arizona can weigh-in on this.

    The arena project is part of a capital improvements project to the lower bowl of Wells Fargo Arena that includes the arena addition to the overall 160 million dollar loan they intend to take out to finance the entire project.

    The hockey rink is to be directly seamlessly connected to Wells Fargo Arena, apparently.

    The Finance Committee report says the debt service on the overall 160 million expenditure is $10,408,000.00 per year of which $1,667,000.00 is to be paid by “gifts” and the rest ($8 million plus) covered by “auxiliary revenue” sources.

    Try as I might, I could find no definition of what constitutes “auxiliary revenue” at Arizona state schools.

    They also anticipate and have set an annual operating budget for the hockey arena only (and, it’s a dual rink facility–which they absolutely have to have), of $1,307,094.00. This, too, is to be paid for by whatever constitutes “auxiliary revenues” as well.

    I don’t know how done-of-a-deal regents approval is on capital improvement projects at Arizona state schools but they sure don’t, as yet, have the money actually in place to move forward on this.

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