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DALLAS SETS JANUARY 17 VOTE ON FUNDING FOR NEW ARENA
Published November 17, 1997
The Dallas City Council on Friday formally scheduled a January 17 funding election for the Mavericks' and Stars' proposed $230M arena at the site of an auxiliary TU Electric power plant, according to Mede Nix of the FT. WORTH STAR- TELEGRAM. Mavs Majority Owner Ross Perot Jr.: "We picked the best possible site. It's the toughest site to develop, but it will open up the West End." Perot's Hillwood Development Corp. will acquire the site and build the arena, which is scheduled to open in 2000. The power plant site "would allow for additional development, such as hotels and office buildings, as envisioned, but not promised, by Perot" -- something that would have been "unlikely had the previous front-runner," a parking lot south of Reunion Arena, been chosen. With the new site, Reunion Arena will not have to be razed. The Council is likely to vote on final agreements with the teams December 10 (STAR-TELEGRAM, 11/15).