May 27, 2016
New Rangers stadium hits $1B into the ballpark
ARLINGTON - The Texas Rangers have announced they will stay in Arlington until at least the 2053-2054 MLB season, in exchange for a new, $1 billion air-conditioned stadium with a...
ARLINGTON – The Texas Rangers have announced they will stay in Arlington until at least the 2053-2054 MLB season, in exchange for a new, $1 billion air-conditioned stadium with a retractable roof.
Other cities, including neighboring Dallas, have been courting the Rangers, but team owner Ray Davis said Arlington could deliver a stadium faster than any other option.
City and team officials said the prospect of watching a baseball game during the broiling Texas summers in open-air Globe Life Park has kept hundreds of thousands of fans, and perhaps corporate sponsors, away.
The aim of the new Stadium is to create a more comfortable environment for fans.
The new stadium will be built on two lots the team currently uses for parking, and next to it will be a separate, seven-acre, $200 million mixed-use development called Texas Live! From the courtyard of its collection of shops and restaurants, Texas Live! guests will be able to get a look at game play on the new stadium’s field.
The city is kicking in $100 million for the 100,000 sf of entertainment and retail space, 35,000 sf of convention space, and a 300-room hotel.
The Rangers will contribute the other half of the funding.
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