PLANO, Texas (AP) — The Dallas Stars are planning to move north, out of downtown and to the suburb of Plano in five years after the lease is up at the NHL team's current home arena.
Stars officials announced Tuesday the signing of a nonbinding letter of intent to build a new hockey-specific arena and entertainment district about 20 miles north of the downtown American Airlines Center, which they have shared with the NBA’s Dallas Mavericks since it opened in 2001.
The leases at the AAC for both teams expire in 2031. The two franchises have been in a legal dispute about their partnership agreement and management of the building.
The Stars made their intentions known a day after the Mavericks said they have a preliminary agreement on a site for their own new arena about 10 miles north of downtown, but still within the Dallas city limits. The NBA's team deal is for 104 acres on the former site of Valley View Mall, which was demolished three years ago.
A new arena for the Stars is expected to be part of a large-scale redevelopment project at The Shops at Willow Bend, where the last enclosed mall built in Texas is set for demolition.
The Stars submitted their letter of intent to the city of Plano, which placed it on the City Council agenda for consideration at its next meeting Monday. The letter includes plans for the mixed-used development project as well as design and construction of the arena.
“This project would present a once-in-a-lifetime opportunity for our franchise,” Stars owner Tom Gaglardi said in a statement. “We eagerly await the vote by the Plano City Council and look forward to continuing the conversation to be part of the redevelopment of The Shops at Willow Bend.”
That mall on about 90 acres opened in 2001, and there are open restaurants and parking garages in the area. The new arena would anchor the redevelopment that could include sports, entertainment, retail, dining and public gathering spaces.
The NHL franchise was known as the North Stars before moving south from Minnesota and beginning play in Dallas for the 1993-94 season. The Stars in 1999 became the first of hockey's Sun Belt teams to win a Stanley Cup title.
The Stars won that championship while still playing at Reunion Arena, a building they also shared with the Mavericks after moving to Dallas. That downtown arena, which was fully demolished in 2009, is about a mile from the AAC.
AP NHL: https://apnews.com/NHL
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CA Is Burning said:
Seems every parent should be teaching their children how to manage money, not educators from a bankrupt state.
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