Rangers to announce plans for new retractable roof stadium in Arlington
The Dallas Morning News’ Evan Grant reports that the Rangers and City of Arlington will soon announce plans for a retractable roof stadium that will be the future home of the Rangers. The Rangers’ current lease at Globe Life Park in Arlington expires in 2023, and the new stadium could be ready before then. Such a deal will help keep the Rangers in Arlington rather than potentially be lured away by another city, such as Dallas.
The city and team now face issues over how to finance the new stadium. The City of Arlington has plans to pay off its debt for AT&T Stadium — the home of the Dallas Cowboys — several years early by 2021. That should improve the city’s credit rating, allowing them the ability to borrow more money. They could use taxes to help pay for the new stadium.
Globe Life Park — originally named The Ballpark in Arlington — was built in 1994 and is not too old relative to other stadiums. However, there have been constant complaints about the heat in the park, so a retractable roof stadium could help combat that.
In addition to potentially a new baseball stadium, the city is working on a Texas Live! project, which is a $200 million venture that will provide several bars, restaurants and music venues adjacent to the stadium.