Dallas Mavericks Eyeing New Arena: Will They Stay in the city?
The Dallas Mavericks are seeking a new home arena, sparking questions about whether the franchise will remain within Dallas city limits or relocate to a nearby area.
Mavericks New Arena Location a hot Topic
While both the NBA team and city officials have remained tight-lipped about potential locations, in an effort to prevent inflated prices, speculation is swirling.
Irving, Texas Emerges as Potential Suitor
Irving, Texas, could present an attractive option for the Mavericks. Las Vegas Sands Corp. affiliates own 200 acres of land near the Texas Stadium. Notably, Mavericks governor Patrick Dumont serves as the company’s chief operating officer.
Dallas Still in the Running
Despite the allure of Irving, Mavericks CEO Rick Welts has stated the team’s preference to construct a new arena within Dallas. Discussions between Dallas officials and the basketball franchise reportedly intensified in April. Welts previously indicated that the team was approximately a year away from selecting and securing a 30- to 50-acre site for a new arena and entertainment district.
Season Ticket prices Rise at American Airlines Center
As the Mavericks consider their future home, fans are already feeling the pinch. Season ticket prices for games at the American Airlines Center have increased.
Dallas Mavericks Eyeing New Downtown Arena: Potential Sites and Future Plans
The Dallas Mavericks are exploring options for a new arena, with a strong preference for remaining in the heart of Dallas. Real estate developers, property owners, and Dallas County officials are weighing in on potential locations, with an emphasis on staying downtown.
Prime Location: Near the Kay Bailey Hutchison Convention Center
Multiple Dallas-Fort Worth real estate figures have identified land near the Kay Bailey Hutchison Convention Center as a leading candidate for the Mavericks’ future home. This area boasts several advantages, including proximity to public transportation, planned high-speed rail, and ample parking. The ongoing $3.7 billion convention center renovation could free up the necessary space to accommodate the arena.
Reunion Arena Site: A Nostalgic Possibility
Another potential site is the former location of Reunion Arena, the Mavericks’ and Dallas Stars’ previous home, before its demolition in 2009. Real estate developer Ray Washburne suggests this location, or even the area between the convention center and the Dallas Memorial Auditorium could work.
More Than Just land: Key Considerations
Beyond the physical space, crucial factors such as parking and proximity to season ticket holders’ residences demand careful consideration. Mike Ablon, a Dallas builder and real estate investor who worked on the American Airlines Center site, noted the current arena was built on a former railyard, water treatment plant, power plant and meat processing facility.
the Dallas Wings play at the College Park Center in Arlington, about 20 miles from downtown Dallas.
Dallas Mavericks Eye New Arena: downtown Entertainment District or Valley View?
The Dallas Mavericks are exploring options for a new arena, perhaps relocating from their current home at the American Airlines Center. Two primary locations are under consideration: a downtown entertainment district near the reunion Tower and a sprawling site at the former Valley View Center in North Dallas.
Downtown Dallas Arena: A Hub of Entertainment?
A potential downtown location could place the new arena near the Memorial Auditorium, following the Dallas City Council’s approval of a 15-year agreement in april. This area is being considered for an entertainment district and could potentially accommodate the Mavericks’ vision,according to Dallas businessman Corby Washburne.Hunt Realty, a major landowner in downtown Dallas, has proposed a $5 billion redevelopment project near Reunion Tower, which could include apartments, a hotel, offices, and retail space.
However, the downtown plan faces challenges.Regional transportation officials have expressed concern that the project could interfere with a proposed high-speed train line. Moreover, combining the arena project with a planned convention center could present logistical complexities, according to real estate expert Ablon. ”that would be putting two complex pieces together, something that could happen and would be great,” he said, “Or it could be too much.”
Valley View: A Blank canvas in North Dallas
the 110-acre site of the former Valley View Center, once dubbed “the most valuable land in North Texas,” is also in contention. The site became available after a $2 billion mixed-use project failed to materialize. while the city envisions a 20-acre park within the development, ample space remains for the arena district.
Michael Swaldi of JLL,representing the property owners,acknowledged that the site would be “perfect” for the Mavericks. however, the asking price of $80 per square foot, totaling approximately $383 million for the entire site, could be a potential hurdle.
Dallas leaders are considering multiple locations for a new arena, potentially involving a partnership with las Vegas Sands Corp.Options range from a 50-acre plot near Trinity Groves to the current site of the Lew Sterrett Justice Center.
The High Price of Land Near Valley view
One potential site under consideration is a 50-acre parcel near Valley View. While the exact asking price remains unconfirmed, estimates suggest it could cost around $174 million. Although Las Vegas Sands Corp. has the financial resources, it is uncertain whether they would be willing to pay that much.
Beyond the cost, the location itself presents challenges. It is located far from downtown, with limited DART train access. While bus routes could provide transportation, the distance remains a drawback.
Lew Sterrett Justice Center as a Potential Site
Another possibility involves demolishing the Lew Sterrett Justice Center, located near commerce and Riverfront, to make way for the arena.
Dallas County commissioners have been discussing potential locations for a new courthouse and jail facility. An advisory committee has recommended constructing a new building instead of renovating the existing 50-year-old structure.
This location, like others downtown, would offer proximity to public transportation and other amenities.
It is indeed unclear whether authorities will choose a new location for the jail. The county would need to secure the land, and it is uncertain if a new criminal justice building would be operational before the Mavericks’ current lease expires in 2031.
The suitability of the site’s size also remains uncertain.
Some Dallas leaders have expressed openness to selling the land to Las Vegas Sands Corp.
Dallas County Commissioner Andrew Sommerman stated, “Tell them to give us a call.”
Trinity Groves Area Considered
John Zogg, a real estate figure behind Klyde Warren Park, believes the new Mavericks arena should be located downtown.
“There are many options that would allow them to stay in the core of Dallas,” he said.
“It needs to be extremely walkable, with plenty of amenities and public transportation.That’s downtown Dallas; so draw a circle around downtown.”
The convention center would be a good spot, as would the jail, but another near-downtown location may catch the Adelson family’s eye.
Goldenrod Cos., a real estate firm, owns approximately 50 acres on the west side of the Margaret Hunt Hill Bridge, which could consolidate the extended master plan of Trinity Groves.
las Vegas Sands Eyes Former Texas Stadium Site for Entertainment Complex
Las Vegas Sands Corp. is considering the former Texas stadium site in Irving as a potential location for a large-scale entertainment complex. the land’s accessibility and proximity to key infrastructure make it an attractive option, despite the current prohibition of casino gambling in Texas.
Strategic Location Fuels Interest
The former Texas Stadium site offers several advantages. Surrounded by highways on three sides and bordered by the Trinity River, the property is easily accessible and shielded from encroaching development. Sands Corp. executive Mark Boekenheide highlighted the site’s appeal in recent public meetings,emphasizing its strategic location.
Irving’s Incentives and Infrastructure Plans
The city of Irving has already paved the way for a mixed-use development on the site by modifying zoning regulations. Furthermore, a planned DART (Dallas area Rapid Transit) station nearby, coupled with the proximity to both Love Field and Dallas/Fort Worth International Airport, enhances the site’s appeal.
Navigating Legal Hurdles
While initial plans included considerations for a casino resort, all references to casinos have been removed due to the current illegality of casino gambling in Texas. For the project to reach its full potential, changes to state gambling laws would likely be necessary.
Financial Considerations and Ownership
Sands Corp. directly owns the land, which could allow for financial adaptability. One option under consideration involves ceding the arena to the city and leasing it back, potentially avoiding property taxes.
The Allure of Irving
Despite existing hurdles, locating in Irving makes economic sense, making it an attractive place for investment, experts say. The area is also near Harold Simmons Park,which is slated for a $345 million development project,potentially creating more opportunities for development.
Posibles Nuevas Ubicaciones para el Arena de los Dallas Mavericks: Irving Emerge como Contendiente
DALLAS — A medida que se acerca el vencimiento del contrato de arrendamiento de los Dallas Mavericks en 2031 en el American Airlines Center,la especulación sobre una nueva ubicación para un estadio ha aumentado. Si bien el equipo continúa invirtiendo en mejoras en su sede actual, los propietarios están considerando activamente otras opciones, y la ciudad de Irving ha emergido como un contendiente notable.
Irving Gana Terreno Como Ubicación Potencial
Varios empresarios inmobiliarios han señalado a Irving como una alternativa lógica, particularmente si los dueños del equipo priorizan la proximidad a su base de fanáticos. un posible desarrollo de uso mixto en Irving podría albergar un estadio con más de 15,000 asientos o un teatro climatizado con capacidad para más de 4,000 personas.
Otros Sitios Considerados en Dallas
Si bien Irving parece ser una fuerte posibilidad, también se han considerado otros sitios dentro de Dallas, aunque con diversos grados de probabilidad:
- fair Park: Varios entrevistados coinciden en que un estadio en Fair Park podría dinamizar el sur de Dallas. No obstante, las instalaciones existentes, algunas con más de un siglo de antigüedad, requieren mejoras significativas, y el parque enfrenta déficits presupuestarios. Además,la Feria Estatal de Texas y el partido de fútbol americano Texas-OU utilizan las instalaciones.
- Ayuntamiento o Detrás del Ayuntamiento: cerrar las calles detrás del Ayuntamiento podría abrir la puerta a un distrito de entretenimiento que rodee un estadio. Sin embargo, esta idea implicaría trasladar al Ayuntamiento de su edificio actual, un escenario poco probable, especialmente porque la comisión de monumentos ha comenzado el proceso de designar al Ayuntamiento como un edificio histórico de Dallas.
- Central Services Center en Deep Ellum: Este lugar se ha mencionado, pero probablemente sea demasiado pequeño y costoso para un estadio.
- Gimnasio de Prácticas de los Mavs: El gimnasio de prácticas existente cerca del centro de la ciudad podría representar otra opción.
El Factor Terreno en Stemmons Freeway
En enero de 2024, una empresa creada por los dueños de Sands Corp. adquirió más de una docena de acres en stemmons Freeway en Inspiration Drive, en el Design District de Dallas, un terreno que incluye un edificio utilizado por el equipo para entrenamiento, justo enfrente de Victory Park.
Si bien Mark Cuban consideró en algún momento este terreno para un estadio, se encuentra por debajo del tamaño mínimo requerido por los Mavericks. Sin embargo, existe la posibilidad de que Sands adquiera propiedades adicionales.
El Futuro del Arena de los Mavericks: Factores Clave
Hasta que expire el contrato de arrendamiento en 2031, los Mavericks continuarán realizando mejoras en el American Airlines Center. Más allá de esa fecha, el futuro del equipo sigue siendo incierto y depende de varios factores, incluido el atractivo de otras ubicaciones potenciales y las negociaciones entre los dueños actuales y las partes interesadas de la ciudad.
Mavericks’ New Arena: Casino Gambling Approval Key to Dallas Development?
The future of a new arena for the Dallas Mavericks and potential large-scale development hinges on the uncertain prospect of casino gambling legalization in Texas, raising questions about project feasibility and location.
Casino Gambling Approval Uncertain, Crucial for Development
Casino gambling legislation faces significant hurdles in the Texas Legislature, requiring a constitutional amendment and voter approval. Las Vegas Sands executive Andy Boekenheide emphasized the necessity of casino revenue for a proposed $4 billion, 4 million-square-foot project, telling city council members, “I can’t commit to a 4 million-square-foot project and spending $4 billion. The numbers don’t work without the casino.”
Multiple Cities in the Running to be Chosen
While specific details remain undisclosed, the requirements of the Mavericks’ owners are a key factor in the decision-making process. Several locations are being considered, including a potential site in Irving, though Sands’ commitment to building there without casino gambling is unclear, and any construction is years away. Victory Park is another location being considered, but Hillwood’s real estate interests in the area are not clear.
NBA’s Criteria Influence Location Decisions
Beyond adequate land, the NBA’s criteria for arena location significantly impact the decision.Mike Ablon stated, “When the owners establish the criteria, those will be the criteria.” The Mavericks’ ownership’s preferences will ultimately guide the selection process.
Q: How will the potential new arena affect traffic adn parking in the surrounding areas of each proposed location?
Dallas Mavericks Arena: Frequently Asked Questions
- Irving, Texas: Near the former Texas Stadium site, with potential for a large entertainment complex.
- Downtown Dallas: Near the Kay Bailey Hutchison Convention Center,Reunion Tower area,or the Memorial Auditorium.
- Former Valley View Center site: In North Dallas, offering a large, undeveloped area.
- Lew Sterrett Justice Center: Demolishing the Justice Center near the Commerce and Riverfront.
- Fair Park: Considered to help revitalize South Dallas.
- Stemmons Freeway (Design District): A site already purchased by the ownership near a practice facility.
- Irving: Strategic location with highway access,proximity to airports,and potential for a mixed-use progress.
- Downtown dallas: Walkability, access to public transportation, and potential to create an entertainment district.
- Valley View: Large, blank canvas for a new development.
- Lew Sterrett Justice Center: Proximity to public transportation,and other downtown amenities.
- Irving: Currently,a casino in Texas is illegal,and the city is far from downtown.
- downtown Dallas: High land costs, complexities of combining arena and convention center projects, and potential interference with high-speed rail.
- Valley View: High land asking price and distance from downtown.
- Lew Sterrett Justice Center: Uncertainty about the county’s plans for the jail and if the site is big enough.
The NBA’s requirements, the team owners’ preferences, the availability of land, the potential for development, and the financial implications of the project all play a crucial role.
The Mavericks are continuing to make improvements to the current arena untill their lease expires in 2031. Simultaneously occurring, season ticket prices have increased as fans prepare for the team’s potential move.
the Dallas wings play at the College Park Center in Arlington, about 20 miles from downtown Dallas.
The project could encompass an area equivalent to 23-38 American football fields.
Estimates suggest the land near Valley View could cost around $174 million for the 50-acre parcel.
The future home of the Dallas Mavericks remains uncertain, but the possibilities are exciting. Stay tuned as the team navigates this pivotal moment in its history!
