The voters of Arlington, Texas have spoken, and they want the Texas Rangers to have a new stadium.
And this isn’t just any stadium. It’s a retractable roof stadium that’s estimated to cost around $1 billion, and it will replace the Rangers’ current home, Globe Life Park. The deal will keep the Rangers in Arlington through 2053, their 82nd season. And for Arlington’s mayor, keeping the Rangers in city and building that history is what this was all about.
The newly-passed stadium deal has the city of Arlington issuing $500 million in bonds, which will cover half the cost of the stadium. The bonds will take 30 years to repay, and it’ll be done through a five percent car rental tax, a two percent hotel occupancy tax, and a half-cent sales tax.
This may have passed in a landslide, but the deal had its fair share of controversy. Globe Life Park is only 22 years old, and it doesn’t really need to be replaced.
Controversy or not, it’s a done deal. The Rangers will stay in Arlington and get a shiny new stadium. The timeline is pretty aggressive, with the Rangers taking up residence in their new stadium in 2020 or 2021. The team has announced that it will launch a website on Wednesday to get input from the public about the new stadium.
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