Dallas Arena Proposal Goes to Voters
DALLAS (AP) _ Weeks of heated debate and ardent campaigning ends Saturday with Dallas voters deciding whether to approve a financing scheme for a proposed downtown arena for the city’s pro basketball and hockey teams.
If the proposition wins, auto rental taxes would rise 5 percent and hotel taxes would go up by 2 percent to raise $125 million for the $230 million arena.
Mavericks owner Ross Perot Jr. and Stars owner Tom Hicks, who also recently purchased the Texas Rangers baseball team, would split the remaining building costs and pay $132 million in rent over the next 30 years.
If the measure fails, the city of Dallas would likely lose the NBA Mavericks and NHL Stars to a suburb, leaving the nation’s ninth-largest city without a team in the four major professional sports, since the Cowboys play in Irving and the Rangers play in Arlington.