Jobing.com Arena Development Foreclosure

The Westgate City Center development that includes Jobing.com Arena faces foreclosure and is set for auction.

Westgate suffered from the recession and uncertainty surrounding the ownership of the Phoenix Coyotes hockey team that plays at the arena and anchors Westgate City Center.

One potential buyer of the property is Matthew Hulsizer, who has been working on a deal to purchase the Coyotes, the Arizona Republic reported.