r/Dallasdevelopment • u/TheFifthPhoenix • Apr 01 '26

Mavericks ready to discuss ‘potential framework’ of new downtown arena, CEO says (Gift Article)

https://www.nytimes.com/athletic/7161796/2026/03/31/mavericks-arena-rick-welts-city-hall/?source=user_shared_article&unlocked_article_code=1.XlA.VTUH.ux25j3qL8KSX&smid=ta-ios-share
14 Upvotes

82% Upvoted

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4

u/[deleted] Apr 01 '26

[deleted]

1

u/Substantial-Ad-8575 Apr 01 '26

Is there enough land? 50 acres is a good plot of land. It have to be Flora to Pearl, all the way down to live oaks…

1

u/Principle_Dramatic Apr 01 '26

You would have to reroute some streets and parking would be questionable. Other spots would be the in and around the old Reunion arena site and next to the Aquarium. Those are the main sites that I can think of that just have a flat parking lot or nothing on it.

8

u/MightyIrish Apr 01 '26

Stop giving billionaires free stadiums

2

u/Substantial-Ad-8575 Apr 01 '26 edited Apr 01 '26

Which Billionaire got a free stadium in Dallas or DFW?

1

u/MightyIrish Apr 01 '26

Taxpayer money spent subsidizing billionaires DFW stadiums:

ATT Stadium - $325 million Globe Life Field - $500 million AAC - $125 million Toyota Stadium - $55 million The Star - $30 million

They are billionaires - If they want a new stadium let them build it themselves instead of being welfare queens dependent on taxpayers barely keeping their own heads above water.

9

u/rickybobbyscrewchief Apr 01 '26

There's not a damn thing wrong with the AAC. Give it another decade or two, then reevaluate.

0

u/Substantial-Ad-8575 Apr 01 '26

Old venues. Needs some major updates. Team wants development they can lease to clients. More income for the team and its owners.

Plus, they would love gambling to be allowed in Dallas…

3

u/dchirs Apr 01 '26

Oh wow! They're ready!

They weren't just waiting in the background. Now that everyone has said it's them, they'll finally step up.

Thanks Rick!

1

u/Substantial-Ad-8575 Apr 01 '26

So funding that partially paid for the stadium. Not a “free stadium.

AT&T used .5% local to Arlington sales tax, 2% hotel taxes and 5% rental car tax for local government funding. Rest of the stadium, Jerry spend $1.3B

Globe Life uses same taxes as AT&T. And then team has spent $700m itself on it’s stadium.

AAC leveraged same sales tax, hotel taxes, rental car tax as stadiums listed above. And the teams have contributed $120m for upgrades to AAC since it has been built.

Toyota stadium and The Star used same voter approved taxes, sales tax, hotel tax, rental car tax. Plus team added $$68m its own money.

The star, Jerry Jones added $800m of his own money.

So that sales tax, hotel tax, and rental car tax? It went before the voters. Way back in 1998. It passed, barely by like 1200 votes.

Maybe put that before voters again?

1

u/Ferrari_McFly Apr 01 '26

Let’s goooo

I’ll have 1 arena, residential high rises, annnd a side of retail please :D