Overview
- The Mavericks executed option agreements on Monday to potentially buy about 104 acres at the former Valley View Mall for a mixed-use development centered on a basketball-only arena.
- Team officials said they picked the vacant Valley View site because it offers more than twice the land the club sought, clear building parcels and better highway access that support a faster construction timeline than tearing down City Hall.
- The organization is targeting a completion around 2031 to match the expiration of its American Airlines Center lease and has estimated roughly a 30-month construction window to meet that date.
- The Dallas Stars submitted a non-binding letter of intent to Plano for a new arena at The Shops at Willow Bend, a proposal that will need local approvals and could further change the region’s sports geography.
- Downtown business owners say losing the Mavericks and possibly the Stars would cut game-day traffic, while city and team leaders note the projects still require financing, zoning, council votes and could trigger appeals and further negotiations.