The American Airlines Center (AAC) is a multi-purpose arena, located in the Victory Park neighborhood, near downtown Dallas, Texas. The venue serves as the home to the Dallas Mavericks of the National Basketball Association, and the Dallas Stars of the National Hockey League. The arena is also used for concerts and other live entertainment. It opened in 2001 at a cost of $420 million.
By 1998, the Dallas Mavericks, then owned by H. Ross Perot, Jr., and the Dallas Stars were indicating their desire for a new facility to replace the dated Reunion Arena. Dallas taxpayers approved a new hotel tax and rental car tax to pay for a new facility to cover a portion of the funding, with the two benefiting teams, the Mavericks and the Stars, picking up the remaining costs, including cost overruns. The new arena was to be built just north of Woodall Rodgers Freeway near Interstate 35E on the site of an old power plant.
On March 18, 1999, American Airlines announced that it would be acquiring the naming rights for the arena for US$195 million. American Airlines is headquartered in Fort Worth and is based at Dallas-Fort Worth International Airport.
On July 27, 2001, the facility opened with the largest ribbon-cutting ceremony ever, according to the Guinness Book of Records. The first event occurred the next day with an Eagles concert. On the next night, the arena hosted the last show of Michael Flatley's Feet of Flames tour. The first sporting event took place on August 19, 2001, with the Dallas Sidekicks of the World Indoor Soccer League taking on the San Diego Sockers.