The Texas Rangers and the City of Arlington have announced their ambitions to build a new retractable-roof stadium on land adjacent to the team’s current home at Globe Life Park. The $1 billion facility would be a 50-50 investment between the Rangers and the City, with the team responsible for any cost overruns.
Similar to the funding mechanism used for AT&T Stadium, also in Arlington, the City is planning a half-cent sales tax, two-percent hotel tax, and five-percent car rental tax to pay for their $500 million share. Even with the half-cent increase, Arlington remains below the state maximum cap on sales tax. If City Council votes in favor of the initiative, it will be placed on the ballot in November for voter approval.
The Rangers have released renderings for the new stadium, but no specific design details are available at this time. One characteristic that does seem certain is that the new stadium will have a smaller capacity than Globe Life Park, projected to be between 42,000 and 44,000.
Construction of the ballpark would anchor the new Texas Live! mixed-use development, set to break ground later in 2016, which will feature bars, restaurants, and a 300-room hotel.
The Rangers expect the new stadium to open no later than the 2021 season.