The Rangers and the City of Arlington plan to be in a new stadium by 2021.
Globe Life Park
Sarah Crabill / Getty Images
The Texas Rangers and the City of Arlington, Texas announced Friday a proposed deal for a new $1 billion stadium with a retractable roof to be ready for 2021.
The Rangers have played at Globe Life Park in Arlington since 1994. The stadium, despite the Texas heat, is outdoors.
The new stadium funding will be split evenly between the City of Arlington and the Rangers. A proposal for the funding will reach taxpayers for a vote in November.
If the ballpark funding is approved, the Rangers will extend the lease to play in Arlington until 2054.
Globe Life Park was mostly paid for with $135 million from the City of Arlington, using a half-cent sales tax model. Globe Life Park was paid off in 2001.
AT&T Stadium, home of the Dallas Cowboys, is also funded in part by a half-cent tax in addition to a 2% hotel occupancy tax and a 5% car rental tax. The $325 million in funding provided by the City of Arlington for AT&T Stadium is expected to be paid off by 2024.
The proposed tax for a new Rangers ballpark will be an extension of the half-cent tax used to fund Globe Life Park and AT&T Stadium.
Rangers owner Ray Davis said during a press conference that it was not practical to add a roof to Globe Life Park, and added that the option to close the roof on hot days would help attract players.
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