STWF Sports | DALLAS | June 2, 2026 — The Dallas Mavericks have taken a major step toward shaping the franchise’s long-term future, selecting the former Valley View Mall site in Far North Dallas as the preferred location for a potential new arena and entertainment district.

The Future of the Dallas Mavericks

The organization has entered into option agreements to purchase 104 acres near Preston Road and LBJ Freeway, a move that would take the Mavericks outside of downtown Dallas for the first time in team history while keeping the franchise inside city limits. The site is expected to anchor a larger mixed-use development that could include a state-of-the-art arena, restaurants, entertainment spaces, public green areas and family-friendly attractions.

For the Mavericks, the decision represents one of the most significant facility developments since the team moved into American Airlines Center in 2001. Before that, the franchise played at Reunion Arena, also located downtown. If completed, the Valley View project would mark a new geographic era for the organization.

In a statement, the Mavericks said the Valley View location met most of the criteria established during their evaluation process. The team emphasized its goal of remaining in the City of Dallas and described the site as the strongest opportunity to make that happen.

The organization also framed the project as more than an arena. The Mavericks said the site creates an opportunity to build a vibrant mixed-use destination that, if done thoughtfully and with community engagement, could serve as a meaningful economic catalyst for Dallas residents.

Dallas Mayor Eric Johnson and City Manager Kim Tolbert issued a joint statement confirming that Mavericks ownership informed the city of the option agreement. They praised the team’s continued commitment to Dallas and said the city will keep working with the organization throughout the process to support the partnership.

The announcement also appears to end months of speculation about whether the Mavericks would pursue a downtown site, including the current Dallas City Hall location. That option had been discussed publicly, and Mavericks CEO Rick Welts previously acknowledged conversations with city leadership about the possibility. The team ultimately chose the former Valley View Mall property instead.

Councilman Adam Bazaldua called the decision positive news for the city, noting that Dallas retains the Mavericks while also creating potential for redevelopment at a long-vacant North Dallas site. He also pointed to the possibility that economic development tools tied to the area could benefit the Red Bird community in southern Dallas.

Beck Ventures, which owns the Valley View property, also welcomed the Mavericks’ decision. The company described the site as one that has long been positioned for transformation and said the Mavericks could become a major partner in turning the area into a world-class sports and entertainment destination.

Mavericks minority owner Mark Cuban offered a brief endorsement of the site, noting that it remains inside the city and is accessible from both Interstate 635 and the Dallas North Tollway.

The franchise’s search for a new arena location had intensified in recent months. Welts had previously said the team hoped to make a decision by July 1, but the Mavericks beat that timeline by about a month. Earlier this year, the search had reportedly narrowed to two primary options: Dallas City Hall and the Valley View Mall site.

In April, the team also surveyed season ticket holders about potential arena locations, presenting options that included downtown Dallas, North Dallas and a regional suburban location. The final selection of Valley View suggests the Mavericks found a balance between staying in Dallas and pursuing a larger redevelopment opportunity outside the city’s downtown core.

The move could have a major impact on the surrounding Far North Dallas area. Local business owners near the site have already expressed optimism about the potential increase in traffic, customers and pregame activity if the arena project moves forward.

For the Mavericks, the site selection is not the final step, but it is a defining one. The franchise now has a preferred location, a large land footprint and a vision for an arena district that could reshape both the team’s future and a long-dormant section of Dallas.

If the project comes together, the Mavericks’ next home will not just be a basketball arena. It could become the centerpiece of one of the city’s most ambitious sports and entertainment developments.