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4h ago

Mavericks Select Valley View Site for New Arena and Entertainment District

The move secures about 104 acres north of downtown with a build timeline tied to the team’s July 2031 lease deadline and raises questions about downtown Dallas’s economic future.

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Feb 5, 2020; Dallas, Texas, USA; A view of the Dallas Mavericks logo during the game between the Mavericks and the Grizzlies at the American Airlines Center. Mandatory Credit: Jerome Miron-USA TODAY Sports
The American Airlines Center has a new LED scoreboard and two new overhead screens that every fan can see clearly from every seat in the place. The seats are also new.

Overview

  • The Dallas Mavericks confirmed they entered option agreements for roughly 104 acres at the former Valley View Mall to build a mixed-use arena and entertainment district.
  • The team said the site best meets its needs for an arena, hotels, restaurants, green space and practice facilities and emphasized it intends to remain in the City of Dallas.
  • The decision pressures the timeline for a new building because the Mavericks’ lease at the city-owned American Airlines Center expires in July 2031 and the team has said construction needs roughly 30 months.
  • A recent Texas court ruling favored the Mavericks in their dispute over control of the American Airlines Center, and the Dallas Stars are exploring separate suburban arena options.
  • Local leaders and business writers warn that losing one or both major tenants from the American Airlines Center could reduce downtown activity and change tax and planning priorities for the city.