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The American Airlines Center in Dallas is one of the most recognizable and iconic venues in the United States. The arena is home to the Dallas Mavericks and the Dallas Stars, and has been the site of many memorable concerts and events. But have you ever wondered who actually owns this impressive facility? In this article, we’ll take a closer look at the ownership of the American Airlines Center and explore the history behind this beloved Dallas landmark.
Contents
- Who Owns the American Airlines Center in Dallas?
- Frequently Asked Questions
- What is the American Airlines Center?
- When was the American Airlines Center built?
- Who owns the American Airlines Center?
- How much did it cost to build the American Airlines Center?
- What are some notable events that have taken place at the American Airlines Center?
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Who Owns the American Airlines Center in Dallas?
The American Airlines Center is a multi-purpose arena located in Dallas, Texas. It hosts a variety of events, including concerts, sporting events, and other live performances. But who exactly owns this impressive venue? Here is a breakdown of the ownership structure of the American Airlines Center.
Ownership Structure
The American Airlines Center is jointly owned by the city of Dallas and Dallas Mavericks owner Mark Cuban, and Dallas Stars owner Tom Gaglardi. The arena was constructed through a public-private partnership between the city of Dallas and the two owners. The city of Dallas owns the land on which the arena is built, while Cuban and Gaglardi own the building itself.
The partnership agreement between the city of Dallas, Cuban, and Gaglardi was reached in 1998. The arena opened its doors in 2001 and has since become one of the most popular entertainment venues in the city.
Benefits of Public-Private Partnerships
Public-private partnerships, like the one that created the American Airlines Center, can be beneficial for both parties involved. In this case, the city of Dallas was able to attract a major venue that has since become a significant source of revenue and tourism for the city. At the same time, Cuban and Gaglardi were able to invest in a world-class arena that has become a valuable asset for their respective teams.
One of the main benefits of public-private partnerships is that they allow both parties to leverage their resources and expertise. In the case of the American Airlines Center, the city of Dallas was able to provide the land and infrastructure necessary for the arena, while Cuban and Gaglardi were able to provide the funding and management expertise needed to make the arena a success.
The Future of the American Airlines Center
The American Airlines Center has been a major success since it opened in 2001, and it is likely to remain a key venue in the city of Dallas for years to come. The arena has been home to many memorable events, including NBA Finals games, NHL Stanley Cup Finals games, and major concerts.
Looking ahead, the American Airlines Center is expected to continue to host major sporting and entertainment events. The venue has undergone several renovations and upgrades over the years, including the addition of a new sound system and video board. These improvements have helped to keep the arena modern and competitive in a rapidly changing entertainment landscape.
Arena Comparison: American Airlines Center vs. Other Venues
When it comes to arenas in the United States, the American Airlines Center is among the best. Here is a comparison of the American Airlines Center to other notable arenas in the country.
| Arena | Capacity | Tenant(s) | Location |
|---|---|---|---|
| American Airlines Center | 21,000 | Dallas Mavericks, Dallas Stars | Dallas, Texas |
| Madison Square Garden | 20,789 | New York Knicks, New York Rangers | New York, New York |
| Staples Center | 20,000 | Los Angeles Lakers, Los Angeles Clippers, Los Angeles Kings | Los Angeles, California |
| United Center | 20,917 | Chicago Bulls, Chicago Blackhawks | Chicago, Illinois |
| TD Garden | 19,600 | Boston Celtics, Boston Bruins | Boston, Massachusetts |
Conclusion
The American Airlines Center is a world-class entertainment venue that is jointly owned by the city of Dallas and the owners of the Dallas Mavericks and Dallas Stars. The arena has been a major success since it opened in 2001 and is expected to remain a key venue in the city for years to come. Public-private partnerships, like the one that created the American Airlines Center, can be beneficial for both parties involved and can help to attract major events and investment to a city.
Frequently Asked Questions
What is the American Airlines Center?
The American Airlines Center is a multi-purpose arena located in the Victory Park neighborhood of Dallas, Texas. It serves as the home arena for the Dallas Mavericks of the National Basketball Association (NBA) and the Dallas Stars of the National Hockey League (NHL). It also hosts various concerts, live entertainment, and other sporting events throughout the year.
When was the American Airlines Center built?
The American Airlines Center was built in 2001, replacing the former home of the Dallas Mavericks and Dallas Stars, the Reunion Arena. The arena was designed by architect David M. Schwarz and has a seating capacity of over 21,000 for basketball games and over 18,000 for hockey games.
Who owns the American Airlines Center?
The American Airlines Center is jointly owned by the City of Dallas, which owns 5% of the arena, and by American Airlines Center Holdings, Inc., which owns the remaining 95%. American Airlines Center Holdings, Inc. is owned by Tom Hicks, the former owner of the Dallas Stars, and Ross Perot Jr., son of the former presidential candidate Ross Perot.
How much did it cost to build the American Airlines Center?
The construction cost of the American Airlines Center was approximately $420 million, which was funded by a combination of public and private money. The City of Dallas contributed $125 million to the project, while the rest was funded by private investors.
What are some notable events that have taken place at the American Airlines Center?
The American Airlines Center has hosted many notable events over the years, including the NBA Finals in 2006 and 2011, the NHL Stanley Cup Finals in 2020, and various concerts by famous artists such as Beyoncé, Taylor Swift, and U2. It has also hosted political events, such as the 2004 and 2016 presidential debates.
Inside the DALLAS MAVERICKS’ $606,000,000 American Airlines Center Facility | Royal Key
In conclusion, the American Airlines Center in Dallas is not owned by a single person, but rather by a group of investors known as the Center Operating Company (COC). This group is made up of individuals and corporations who each hold a portion of the ownership of the arena.
The COC is responsible for the day-to-day operations of the American Airlines Center, including booking events, managing staff, and maintaining the facility. They also oversee the financial aspects of the arena, such as ticket sales and sponsorships.
While it may not have a single owner, the American Airlines Center remains one of the most iconic and beloved venues in the city of Dallas. From basketball games to concerts, the arena has played host to countless unforgettable events over the years, and its place in the community is sure to endure for many years to come.
