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PLANO, Texas - Plano residents are voting on a potential venue tax measure that would help fund a new Dallas Stars arena.
Plano voting on Proposition A
What we know:
Plano residents are voting today on Proposition A.
As of 11 p.m., the vote stands at 46% for Prop A with 43,160 and against at 54% with 51,215 votes with 33% of votes counted.
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If approved, Plano leaders could install a venue tax that will help fund a new Dallas Stars arena that will be built at the current Shops at Willow Bend Mall site.
The taxes would be applied to car rentals, hotels, parking, admissions and other venues.
Plano leaders believe the venue tax would generate $700 to $900 million in revenue for the city. The city would cap contributions from the venue tax towards the new Stars arena at $700 million.
The other side:
Some Plano residents made it clear during the election cycle they were not in favor of helping fund the Stars' new arena.
A political action committee called STOP The Stars Arena PAC held multiple events expressing their opposition to Prop A, citing potential property tax increases as more improvements are made to the arena site.
"One of the things that we’re hoping to get across to everyone is there’s a lot of unanswered questions. The city hasn’t built a financing plan, they haven’t built a tax revenue plan, we don’t even have a site plan, so they can’t create the traffic study. There’s some very basic things that are missing, but we’re rushing to a vote on November 3rd," Bob Healey, who is on the board of the STOP The Stars Arena PAC, said in October.
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PREVIOUS COVERAGE: Plano residents meet over new Stars arena opposition
Residents in Plano who oppose the construction of a new Dallas Stars arena in their city met on Tuesday to discuss their concerns. FOX 4's Amelia Jones has more from that meeting.
Residents also expressed concerns about the Tax Increment Reinvestment Zone, an already-approved measure that will collect tax dollars near Willow Bend and the Dallas North Tollway to buy back bonds.
Plano Mayor John Muns and Dallas Stars President & CEO Brad Alberts have both pointed to the idea that the venue taxes would affect visitors and not Plano residents themselves.
What's next:
The new Dallas Stars arena in Plano is expected to be completed by the start of the 2031 season. Its look will be created by HNTB, a firm hired by the team in August to oversee its design.
If Prop A fails to pass, Plano leaders say they will look at alternate ways to fund a new Stars arena.
The Source: Information in this story comes from poll results and previous FOX 4 reporting.