Explaining the Dallas Stars' proposed Plano move: What's next for their arena deal?

Plano took a major step toward hosting the Dallas Stars by approving a non-binding letter of intent that enables negotiations for a new arena district. The plan centers on a $1 billion arena, potentially funded with up to $700 million in public funds and a 30-year tax-increment reinvestment zone around the site near Willow Bend Mall.

Plano could become the Stars' new home in 2031, aligning with the current American Airlines Center lease expiration. The city would own the arena and district, while the Stars sign a 30-year lease and retain arena revenues in a roughly $3 billion project linked to nearby Mavericks plans.