Dallas Stars consider moving from downtown as lease expiration nears

Tom Gagliardi, Owner of the NHL
Tom Gagliardi, Owner of the NHL - Hooked On Hockey Magazine
0Comments

Downtown Dallas may lose both of its major sports teams as the Dallas Stars consider relocating to Plano after their lease at the American Airlines Center expires in 2031. The Stars’ ownership advisory group recently met and identified Plano as a top candidate for a new arena, according to reports from the Dallas Business Journal and Front Office Sports. Arlington is also being considered as a possible location.

The proposed move would follow the trend of developing sports-anchored entertainment districts, similar to The Battery in Atlanta or Texas Live! in Arlington. These mixed-use developments are designed to encourage fans to spend more time and money in the area surrounding arenas.

Tom Gagliardi, a Canadian hotel and restaurant developer, owns the NHL franchise. The team already has established ties to Collin County, running youth programs in Plano and operating its practice facility and front-office headquarters at the Comerica Center in Frisco. Team president and CEO Brad Alberts confirmed discussions with Plano officials but emphasized that no final decision has been made.

Alberts’ current position marks a change from two years ago when he supported remaining at the American Airlines Center, describing it as “a great place to play for a long time.” The arena, built in 2001 with a capacity of 20,000 seats, serves as an anchor for Victory Park and plays an important role in downtown Dallas’s economy.

The potential move comes as the Mavericks, owned by Miriam Adelson and Patrick Dumont of Las Vegas Sands, have announced plans to build a new arena before their own lease ends. One possible site is near Dallas City Hall, which may be sold or redeveloped according to reporting by the Dallas Morning News.

If both teams relocate out of downtown Dallas, it would significantly impact the city’s entertainment sector. This development coincides with other major companies like AT&T considering leaving downtown, which could shift economic activity toward suburban areas while reducing business in the city center.

Brad Alberts stated that the Stars are “evaluating all options,” indicating that no decisions are final yet regarding relocation.



Related

Amir Korangy,  Founder and Publisher

Dallas’ office market sees signs of recovery but faces ongoing downtown challenges

In 2025, Dallas’ office market began to show signs of recovery, with industry analysts closely monitoring its progress into the new year.

Amir Korangy, President

Cawley Partners and Alamo Manhattan plan $50M hotel development in Uptown Dallas

Two Dallas-based real estate companies, Cawley Partners and Alamo Manhattan, have announced plans for a new hotel development in Uptown Dallas.

Amir Korangy, President

King family acquires San Saba River Ranch in latest Hill Country expansion

Dallas investor and conservationist J. Luther King has expanded his family’s ranch holdings in Texas with the purchase of a 5,067-acre property in McCulloch County, known as the San Saba River Ranch.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Austin Business Daily.