What happened: The Dallas Mavericks have selected the former Valley View Mall site over downtown Dallas as the home for their next arena, according to a report from @TheSteinLine. The franchise says it hopes to have the new building ready for the 2031-32 season, when its American Airlines Center lease expires.
Why it matters: The decision formalizes a long-rumored move out of downtown and follows the team's earlier preliminary deal on the former Valley View Mall site. Relocating would end a decades-long downtown presence at American Airlines Center, the venue the Mavericks share with the Dallas Stars.
By the numbers: Filings cited in reporting indicate the Mavericks would pay just under $51 million for roughly 20% of the former Valley View Mall site. The American Airlines Center lease runs out ahead of the targeted 2031-32 move-in.
What to watch: Watch for the site purchase to close and for design, financing, and timeline details to firm up, along with the city's response to losing the franchise from downtown.