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DALLAS SUBURB RELEASES ECONOMIC STUDY ON ARENA SITE
Published November 3, 1994
The city of Lewisville "has reluctantly released a study that indicates a new arena" along I-35 northwest of Dallas would generate $32M in annual revenues if the Mavericks move in, or $12M without the NBA club. The city released the report, which was completed in April, only after ordered to do so by the TX Attorney General's office. The city said it did not want to release the information because of "outdated information," but the TX's AG office on Tuesday granted a request by a Lewisville newspaper to "force disclosure." The preliminary study said if the arena became the home of the Mavs, the arena should bring in $20M in tickets, concessions and novelties. To be successful, the study said, the arena would have to be "state-of-the-art facility and would have to attract a variety of events," including pro sports. Since April, more than 100 acres of the proposed Lewisville arena site have been packaged. Mavs owner Don Carter has agreed to buy 75 of those acres, "although officials said the purchase is only for investment purposes" (AP/FT. WORTH STAR-TELEGRAM, 11/3).