Speculation swirled on Wednesday about the future of the Dallas Mavericks National Basketball Association team after majority owner Mark Cuban confirmed on Tuesday that he is selling the team. Cuban and the new owners have expressed their commitment to keeping the team in Dallas, but there are also discussions about moving the team to a new arena located near a casino. Miriam Adelson and her Las Vegas Sands Corporation, the new owners of the Mavericks, have been pushing for casino gambling to be approved in Texas. The potential for a new stadium and casino downtown has raised both excitement and concerns among city officials and local businesses.
The idea of relocating the Mavericks to a new arena connected to a casino is viewed as an opportunity for revitalizing downtown Dallas, although there are conflicting opinions about the potential impact on the city’s landscape. The Dallas City Council is considering a proposal to locate the new arena near the planned Dallas Convention Center, along with new housing developments and deck parks. While some believe that the addition of a casino and basketball arena could transform the area for the better, others are concerned about the potential negative effects of moving Mavericks games away from the American Airlines Center.
The city’s plans to develop the convention center and surrounding areas, combined with the proposed new Mavericks arena and casino, have generated mixed reactions from local businesses, residents, and city officials. There are also discussions about the impact of these plans on the neighborhoods around the American Airlines Center and the potential opportunities for new real estate developments. As the city continues to explore the possibility of a new Mavericks arena and casino, the future of the team in Dallas remains uncertain, with various viewpoints on its potential long-term implications.
Cuban’s sale of the Mavericks comes with the potential for a significant windfall, as he stands to receive $3.5 billion from the team’s sale. With the team’s current lease at the American Airlines Center expiring in 2031, discussions about a new arena, casino, and other downtown developments continue to shape the conversation around the future of professional sports in Dallas.
