The Arizona Coyotes' future could be decided on June 27, when they will bid on a parcel of land in the hopes of finally securing a site for their new arena.

In March, the Arizona State Land Department Board of Appeals unanimously approved a $68.5 million appraisal of a 95-acre parcel of land in north Phoenix. On Thursday, the department officially posted an auction for that parcel, with the auction set for June 27.