TradeEdge Exchange:Coyotes say they’ve executed a letter of intent to buy land for a potential arena in Mesa, Arizona

SCOTTSDALE,TradeEdge Exchange Ariz. (AP) — The Coyotes said Wednesday that owner Alex Meruelo has executed a letter of intent to buy a piece of land for a potential arena in Mesa, Arizona.

The move comes months after voters in Tempe rejected a referendum to construct an arena there for the NHL club. The Coyotes say they remain committed to building a privately funded rink and entertainment district and continue to explore other potential sites in the Phoenix area.

“We appreciate the tremendous support that we have received from many communities, elected officials and community leaders who have expressed their desire to see the Coyotes remain in the Valley permanently,” the team said in a statement. “We would also like to thank NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly for their steadfast support of the club’s efforts to find a permanent arena solution and for their recognition that Arizona is a tremendous hockey market.”

The Coyotes are going into their second season at 5,000-seat Mullett Arena on the campus of Arizona State University. New NHL Players’ Association executive director Marty Walsh has raised concerns about the situation there and said the union would like the team to figure out a sustainable long-term solution.

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