The Arizona Coyotes are holding a news conference Monday at 2:30 p.m. and are expected to announce a deal for a new arena.
It has been well known for months that the Coyotes did not plan on staying at Gila River Arena after their 2018-2019 season when their contract with the City of Glendale expires.
In July, the Coyotes announced they secured a location for a new arena, though that location has not been publicly revealed.
In October, CEO Anthony LeBlanc elaborated on the issue in an interview with ABC15.
"I know there's (people on) social media that joke about me, saying I sound like a contractor: 'It'll be ready in two weeks,'" LeBlanc said. "I'm not going to sit here and tell you a time, but I can tell people we will have something out on the market very soon."
Sources say the arena will be built in Tempe or Scottsdale, and it could possibly be a shared venue with the Arizona State University hockey team.
Updates on this story, including location of the new stadium and new renderings of the arena can be found HERE.