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Dallas to pay off American Airlines Center bonds early

Dallas MavericksThanks 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.

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