today announcing the team's new 16,000 seat plus arena will be built on the corner of east rio salado parkway and south mcclintock, in partnership with a.s.u. will also multisport arena. >> they will have their hockey facility built by the coyotes rather than having to go do it on their own, which would be exceedingly more expensive. >> the project will cost nearly $400 million. coyotes ceo anthony leblanc says the team will put up about 60% of those fans, now working with the governor and state -- plan for the rest. >> we are going to have to have a public-private partnership, a very typical model, but what we are not doing is going in and asking for the government to build us an arena. we are going to be the group that takes the risk on the associated costs and, of course, the operations of the facility. >> that financial plan needs to be finalized by june of 2017. le blanc is hoping to have that. as of right now we do not know the exact plan for the possible taxes and arena, but if the legislature and governor do not sign off on that plan, they are going to have to come up and develop anot