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Coyotes announce plan to build privately funded arena

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(Photo credit: Matt Kartozian-USA TODAY Sports)
The Arizona Coyotes will attempt to purchase land in Phoenix to build a privately funded arena and entertainment district, the team announced Thursday night.

The plan hinges on the club winning a land auction for the 110-acre site that will be auctioned off by the Arizona State Land Department on June 27. The appraised price of the site is $68.5 million.

According to multi