Thanks to tax revenues that exceeded expectations, the city of Dallas will be retiring debt on American Airlines Center more than 15 years early.
The debt — some $140 million, issued in 1998 — was scheduled to be paid off in 2027. However, tax revenue from hotel and car-rental taxes flowed in at a much higher rate than city officials anticipated, giving them the option to pay down early.
The city will sunset the taxes once the debt is paid.
