Construction is expected to start this summer on the climatecontrolled stadium, which is being built as a public-private partnership between the City of Arlington and the Texas Rangers. The ballpark is expected to open just south of Globe Life Park in Arlington in time for the start of the Texas Rangers’ 2020 season.

The City of Arlington selected a skilled team of bond underwriters to assist with the complex financial and legal transaction for the future Texas Rangers ballpark.

Under the public-private partnership with the Texas Rangers, the City’ s contribution for the proposed stadium is capped at $ 500 million. In February, the Arlington City Council appointed a bond underwriting team to sell bonds on the City’ s behalf.

The bond underwriting team will assist the City in the future ballpark transaction.

The Texas Rangers’ 30-year lease on the City-owned Globe Life Park was set to end in 2024. Losing the team to another city would have meant the loss of millions of dollars in economic impact annually for both Arlington and Tarrant County. The Rangers’ partnership with Arlington now extends through January 1, 2054 thanks to a voter-approved ballpark and a master agreement with the team approved by City

Council last May.

Involves key City personnel, contractors and Texas Rangers’ staff working collaboratively to successfully complete the project. The Executive Steering Committee guides the overall implementation of the project and is comprised of the City Manager, Deputy City Managers and City Attorney.

• RBC Capital Markets

• Piper Jaffray

• Frost Bank development

MWBE contracting

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• Loop Capital Markets