"In an apparent effort to jump-start downtown arena
talks," the Stars have proposed a $378M complex near the West
End Historic District, according to Todd Gillman of the
DALLAS MORNING NEWS. Gillman notes the proposal is "far more
detailed than anything" the Mavs have unveiled and it is
"starkly at odds" with what the Mavs seek -- "a distinction
that underscores the widening rift between the teams." The
Stars' proposal calls for a $220M replacement for Reunion
Arena, leaving $158M for related development. It would hold
19,000 for hockey and 20,200 for basketball, with 150 luxury
suites. The teams would share equally in control, a concept
that Mavs officials "reject," and each would sign a 30-year
lease. In a letter to city officials yesterday, Stars Owner
Tom Hicks promoted his proposal as "an economic magnet for
downtown Dallas" that would generate $30M annually in local
and state tax revenues. Mavs Owner Ross Perot Jr. has
proposed a $1B megaproject that includes offices, retail
shops, condos and apartments (DALLAS MORNING NEWS, 1/22).
Hicks said progress must be made in the next 30 days on a
joint arena with the Mavs, or he'll look to negotiate his own
deal with the city, according to David Markiewicz of the FT.
WORTH STAR-TELEGRAM. Tom Luce, attorney for the Mavs and
Perot, Jr.'s Hillwood Development Corp.: "We call that the
threat du jour. This is not a constructive way to proceed"
(FT. WORTH STAR-TELEGRAM, 1/22).
