The council agreed unanimously Wednesday to postpone a decision until Jan. 23 so residents can attend five public meetings to be held around Phoenix to discuss the project.
Suns President and CEO Jason Rowley says the organization looks forward to the public discussions and to answering any questions about the proposed renovation.
The deal would revamp the nearly 30-year-old arena, the oldest in the NBA that is not currently being renovated.
The Suns agreed to a 40-year lease in 1992, but the deal included a provision for the team to opt out at 30 years.
Source: Fox Sports