The Dallas Mavericks are heading north to build a new home.On Monday, the Mavericks confirmed they had reached a preliminary agreement to build an arena and surrounding entertainment district at the former Valley View Mall site in North Dallas, instead of in downtown Dallas. The Valley View Mall tract is roughly 12 miles north of American Airlines Center, the arena the Mavericks currently occupy and have played in since 2001.The Mavericks’ lease at American Airlines Center runs through July 2031, which means they will remain in Dallas’ Victory Park neighborhood for five more seasons. The team hopes to begin playing in its new arena during the 2031-32 season.“The Valley View site meets most of the criteria established at the outset of our evaluation process. It is our goal to stay in the city of Dallas, and we believe this site provides the strongest opportunity to achieve that goal,” the Mavericks said in a statement. “We have the opportunity to create a vibrant, mixed-use destination anchored by a state-of-the-art arena, along with restaurants, entertainment options, public green spaces and family-friendly experiences. Done thoughtfully and with community engagement, a project of this scale will serve as a meaningful economic catalyst for Dallas and its residents.