City Begins Contributions to Ballpark Construction Costs
The City of Arlington began making
its public contribution toward
construction of Globe Life Field
earlier this year.
The City successfully sold $465.4
million in bonds in March 2018
to fully fund the voter-approved
contribution of $500 million to
the Texas Rangers’ $1.1 billion
retractable-roof ballpark, which
opens in 2020. Between March 21
and May 23, the City made four
payments totaling $91.9 million to
the Texas Rangers for construction
costs. being used to pay down the City’s
remaining debt on AT&T Stadium,
home of the Dallas Cowboys.
These bonds will be repaid with
revenue generated by three existing
venue taxes – a half-cent sales tax,
a 2 percent hotel occupancy tax
and a 5 percent vehicle rental tax,
along with the $2 million a year in
rent for the ballpark that will be paid
by the Texas Rangers beginning in
2020. These venue taxes are also Arlington’s contribution to the
ballpark project is fully funded at
$500 million, as the City received a
premium for the tax-exempt bonds.
Payment certificates toward the
ballpark’s public contribution are
posted on the City of Arlington’s
Ballpark Project webpage under the
Ballpark Documents section.
GLOBE LIFE FIELD TIMELINE
2018
JUNE
• Continuation of pouring decks on
suite and main concourse level
JULY
• Start club level interior construction
AUGUST
• Completion of North Plaza
SEPTEMBER
• Start main concourse interior
construction (thru December 2019)
2
OCTOBER
• Start Roof Truss construction
2019
FEBRUARY
• Start exterior skin
MARCH
• Bowl seating begins (thru
September 2019)
APRIL
• Concrete structure complete
AUGUST
• Fixed low roof complete
2020
JANUARY
• Concession area complete
• Operable roof complete
FEBRUARY
• Playing field complete
MARCH
• First events and games