Three groups have expressed interest in buying the Stan McCowan arena.
The 30-year-old building will be sold, dismantled and transported to another location.
The arena was decommissioned last spring after it was deemed unnecessary following the construction of the Canada Winter Games Centre.
Whitehorse is planning to redevelop the arena property and create residential housing lots.
Initially, as many as 12 groups expressed interest in buying the building, which must be removed no later than April 30.
Of those, three parties made submissions along with information on their proposed use.
Alex Seely would like to use the old arena for commercial storage and office space.
Deadman Creek Enterprises proposed using it for equipment repair and storage.
And the Yukon Horse and Riders Association would like to convert the building into an indoor riding arena.
Requests for more detailed proposals have been submitted to each of the three proponents.
An evaluation committee will review all of the bids and have its findings ready for council by January 7.
The city is currently amending the official community plan to rezone the lot occupied by the arena.
A public hearing concerning this amendment will be held at city council this evening.