Arizona State University has pulled out of plans to build a new 16,000 seat facility that was supposed to become the new home of the Arizona Coyotes.
Late Friday evening, the Arizona Republic reported that ASU has backed out of the plans to build the new arena.
Arizona State University issued a statement to the Republic indicating the university "has no intention of proceeding to sign a development agreement or an option to lease or any other agreement with the Coyotes."
On Nov. 14, 2016, the Coyotes announced plans to build a new arena on a 58-acre parcel within Arizona State's Athletic Facilities District.
An attached 4,000 seat multi-sport arena was to be used for Coyotes practices and by Sun Devil Athletes.
The Coyotes are supposed to leave their current arena in Glendale, Arizona, after the 2018-19 season, upon which they would have moved into their new facility in Tempe.
It would appear the search for a new arena is now in the works, and talks could resume with the city of Phoenix, where discussions had revolved around a downtown facility for both the Coyotes and the NBA's Suns.
Earlier this week, it had been reported that Barclays Center in Brooklyn was going to determinate its agreement with the New York Islanders, forcing that club to find a new home for the 2019-20 season.
The Carolina Hurricanes, meanwhile, are up for sale and majority owner Peter Karmanos Jr. revealed he would be willing to sell the majority of the club, furthering speculation that the team could end up moving to Quebec City in the not-too-distant future if new, local ownership in Raleigh fell short.