The City of Arlington owns Globe
Life Park, the Center Field Office
Building and several parking lots
that support the ballpark. These
are rented by the Texas Rangers
for $2 million a year. The amended
Globe Life Park lease would abate
the annual rent the Rangers pay
to use the current ballpark once
the new ballpark opens in 2020.
The lease does not specify the
current ballpark’s use after the
new ballpark opens but it would
require the Texas Rangers to
maintain and operate Globe Life
Park at least through 2024.
would have the option to purchase
the ballpark once the lease period
is up.
As outlined in the master
agreement, the Texas Rangers
would pay the City $2 million a
year in rent for the new ballpark
through 2054, with the option to
renew the lease for two additional
five-year terms. The Rangers
The amended lease documents
would also give the Rangers the
option to purchase Globe Life Park,
the Center Field Office Building or
the ballpark parking lots separately
instead of as a package, which
is what is required in the current
lease agreement.
New Ballpark Line Up: 2017
June
July
August
Design Design Development
Construction general contractor Agreement & Pre-Construction Services
Rangers and
City
September
OCTOBER
NOVEMBER
DECEMBER
Roof development
Closure of Nolan Ryan Expressway
between Randol Mill Road and Cowboys way
Ballpark Excavation
Texas Live! Plaza Construction
Financing
Team/City Agreements
3