Long time local lurker who hasn't posted here in years. The flow chart here does not consist of a single go/no-go decision. The sequence begins when the consultant gives its report to Tempe Council. The Council then holds a hearing and decides whether to award a contract, thus enabling the
start of negotiations over tax incentives, who pays for what, etc. The final agreement must come back to Council for a new vote--presumably but not necessarily to approve. At a minimum, the negotiating and drafting phase takes a few months (the timeline from Glendale 2001). But for Tempe's recent approval of the South Pier project, well over a year elapsed between the Council's "award" of the redevelopment proposal and its approval of a final agreement. The earliest timeline for final approval of a deal here is probably April 2022, and could be much later.
In the meantime (and here's the rub), several potential problems await. 1. The Goldwater Institute/gift clause people, familiar from the Glendale days. 2. The City of Phoenix airport and aviation community. A January 18 op-ed in the Arizona Republic (not mentioned in this thread) shows that this opposition is real. 3. General public opposition from within Tempe. This obviously influences Council votes, but can also manifest itself in a drive for a referendum vote if enough signatures are gathered. This happened in Scottsdale in 1999, when petitions forced a referendum on Ellman's proposal to redevelop Los Arcos mall. All these factors could mean lawsuits, PR campaigns, elections, and generally prolong the uncertainty.
There is no sign of a public meeting of the board that operates the old Veterans Coliseum. They are a public body that must give notice of all board meetings, and there is obvious urgency if the Coyotes are to play there next year. Especially since the Arizona State Fair occurs in October, which presents scheduling issues. But that board's public notice page shows they have not met since August 24, 2021.
Arizona State Fair Statutory Notices | azstatefair.com