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Currently the Dallas Mavericks call American Airlines Center — which is owned by the city of Dallas —home, and Dallas has vowed to keep the team “where they belong.” The purchase was finalized in 2023, months before primary Las Vegas Sands shareholder Miriam Adelson acquired a controlling stake in the Dallas Mavericks. “It could be transformed into a major economic driver, possibly complete with a major sports franchise and all the development that goes with it,” Anderson said.

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Furthermore, they have the infrastructure needed for expansion, with parking and access to highways. The developers, however, must first win the support of the local community where their plan is proposed. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running. The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan.

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