TEMPE — In recent years, Desert Financial Arena has become known more for what it lacked — premium seating, handrails — than what it offered.

That’s about to change.

The arena, home to the Arizona State men’s and women’s basketball, volleyball, gymnastics and wrestling teams, is set to undergo a proposed multiyear, multiphase renovation, costing an estimated $100 million.

The construction is expected to be finished by the end of the decade, with an anticipated completion date of December 2029.

“We've been thinking about it for a long time,” said Joe Lisiewski, ASU assistant vice president and university architect. “Now with the momentum of sports and athletics and some of the deterioration of the building, it's time to do it.”

With the building more than 50 years old, renovations had

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