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Plano Advances Plan for $1 Billion Dallas Stars Arena With Up to $700 Million in Public Support

The council vote opens a path for the team to leave downtown Dallas, triggers state review, and puts a possible voter-approved venue tax on the table.

Apr 20, 2026; Dallas, Texas, USA; An exterior view of the arena and the fans before the game between the Dallas Stars and the Minnesota Wild in game two of the first round of the 2026 Stanley Cup Playoffs at American Airlines Center. Mandatory Credit: Jerome Miron-Imagn Images
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Overview

  • Plano City Council voted unanimously Monday to approve a nonbinding letter of intent, an incentive agreement, creation of a Tax Increment Reinvestment Zone, and measures to pursue venue taxes.
  • City documents put the arena at about $1 billion and the full sports and entertainment district at roughly $3 billion with the city authorizing up to $700 million in public contributions through a TIRZ and other tools.
  • Under the proposed structure the City of Plano would own the arena and would offer the Stars a 30-year lease if the project moves forward.
  • Council also approved about $15 million to help demolish The Shops at Willow Bend with demolition targeted for 2027 and community open houses scheduled in July for public input.
  • Key next steps include negotiating definitive contracts, submitting a venue-project resolution to the Texas Comptroller before any tax election, resolving financing and infrastructure studies, and aligning a final plan with the Stars’ 2031 lease timeline.