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New Rangers stadium hits $1B into the ballparkNew Rangers stadium hits $1B into the ballparkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133012016-05-27T05:00:00Z

​​​​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.​
Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
Public Facilities
http://www.star-telegram.com/news/local/community/arlington/article78867817.html

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