Dallas Mavericks Sign Option Agreement for Potential New Arena

Dallas' mayor and city manager issued a joint statement to applaud the news that the Dallas Mavericks signed an option agreement for a potential new arena in North Dallas.

The city released the joint statement from Mayor Eric L. Johnson and City Manager Kimberly Bizor Tolbert via press release on June 1.

The statement reads, "The Dallas Mavericks' ownership has informed the city that it has signed an option agreement for 104 acres at the former Valley View Mall site for a potential new arena."

It continues, "We applaud the Dallas Mavericks organization for its continued commitment to our city. We will continue working with the Dallas Mavericks throughout this process and will do everything we can to support the team's enduring partnership with Dallas."

The Mavericks announced the decision in a Monday afternoon press release. According to the release, the organization decided on this plan to build a new arena and entertainment district at the site "after seriously considering" other options.

"We have the opportunity to create a vibrant mixed-use destination anchored by a state-of-the-art arena, along with restaurants, entertainment options, public green spaces, and family-friendly experiences," the release states.

It continues, "Done thoughtfully and with community engagement, a project of this scale will serve as a meaningful economic catalyst for Dallas and its residents. We believe in Dallas, and our priority has been clear from the beginning: Keeping the Dallas Mavericks in Dallas."