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Mavericks Secure 104-Acre Site for Mixed-Use Arena

6/3/2026

Summary

Mavericks Secure Arena

The Dallas Mavericks signed option agreements for 104 acres at Valley View Mall.
The planned arena is scheduled to open by 2031, before the lease expires on July 28, 2031.
The development will create a mixed-use district with an arena, restaurants, retail, a hotel and green space near Preston Road, I-635 and LBJ.
Seritage Growth Properties reported the Mavericks will invest $50,760,000 for 20 acres of the site.

Summary

Mavericks Endorse Site

The Mavericks said the Valley View site satisfied most of the criteria established at the outset of their evaluation process.
The organization stressed that keeping the franchise in Dallas is its top priority, noting the site offers the strongest chance to achieve that goal.
Mavericks officials described the project as a meaningful economic catalyst for Dallas and its residents.

Summary

Mavericks Gain Control

A Texas judge ruled in favor of the Dallas Mavericks, granting them control of the American Airlines Center.
The Dallas Stars had sued, alleging the Mavericks sought costly arena upgrades that the Stars opposed.
A Dallas Economic Development Corp. report estimated renovating the City Hall site would exceed $900 million, potentially $1.1 billion over 20 years.
Councilmember Cara Mendelsohn said the Mavericks’ arena announcement timing appeared intentional, suggesting political motives.

History

Historical Context

In 1971, Dallas opened Texas Stadium, a $43 million, 280-acre facility that anchored the city’s sports-entertainment district and spurred growth. The Dallas Cowboys invested $10 million, while the City of Dallas allocated $5 million for surrounding road improvements, totaling $15 million in public-private spending. Today, the Mavericks’ $50.76 million Valley View arena plan mirrors Texas Stadium’s model, seeking mixed-use development to cement the franchise’s Dallas foothold. If approved, the 20-acre complex could generate $900 million in regional revenue over two decades, reshaping Dallas’s urban core and sports landscape.

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Mavericks Secure Arena

The Dallas Mavericks signed option agreements for 104 acres at Valley View Mall.
The planned arena is scheduled to open by 2031, before the lease expires on July 28, 2031.
The development will create a mixed-use district with an arena, restaurants, retail, a hotel and green space near Preston Road, I-635 and LBJ.
Seritage Growth Properties reported the Mavericks will invest $50,760,000 for 20 acres of the site.

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