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Report: Mark Cuban purchasing site for practice facility

Mark Cuban has made his first major decision of the offseason regarding the Dallas Mavericks: choosing the site for the team’s new practice facility and headquarters.

The Dallas Business Journal reported that Cuban will purchase a 10-acre tract of land along North Stemmons Freeway in the Dallas Design District. The land is across the highway from the American Airlines Center and within walking distance of the arena.

The Mavs have practiced in a basement gym at the American Airlines Center since the arena opened. Cuban plans to build a state-of-the-art practice facility and training center at the new site, following the trend of NBA teams having separate practice facilities.

Cuban has also recently said that the land he would purchase for the practice facility and team headquarters would be a potential site for a new arena in the future.

Real estate sources estimated to the Dallas Business Journal that the tract of land in the Dallas Design District would cost Cuban between $34.6 million and $43.3 million.