Coyotes' bid for new arena hits another snag with cancellation of land auction
An auction for a tract of land where Arizona Coyotes owner Alex Meruelo had hoped to build a new arena has been cancelled.
![Coyotes' bid for new arena hits another snag with cancellation of land auction](https://i.cbc.ca/1.7243554.1719014079!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/1350756730.jpg)
![Arizona Coyotes owner Alex Meruelo retained the Coyotes' name, logo and trademark with plans to resurrect the team as an expansion franchise if a new arena is built within five years. A close up of an Arizona Coyotes hockey jersey.](https://i.cbc.ca/1.7243554.1719014079!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/1350756730.jpg)
An auction for a tract of land where Arizona Coyotes owner Alex Meruelo had hoped to build a new arena has been cancelled.