Home Plate Update March 2017 - Page 5

A BALLPARK OVERVIEW

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The Texas Rangers are part of the fabric of our community , drawing valuable visitors and tourists to Arlington and millions of dollars in spending for local stores , shops and restaurants ,” Arlington Mayor Jeff Williams said . “ With a new ballpark featuring a retractable roof and air conditioning to protect our fans from the summer heat , we can continue to attract visitors to our city and grow our economy for another 30 years .
Over the term of the new lease , operations of the future ballpark and visitor spending is projected to result in $ 77.5 million a year in economic impact for Arlington and $ 137.6 million a year for Tarrant County , according to an HR & A Advisors study commissioned by the Arlington Convention and Visitors Bureau .
Hometown support for the new ballpark was overwhelming .
Sixty percent of voters approved November 8 , 2016 , to help publicly finance the project by extending existing venue taxes approved in 2004 to build AT & T Stadium . These taxes – a halfcent sales tax , a 5 percent car rental tax and a 2 percent hotel occupancy tax – will help pay off the City ’ s contribution to the ballpark project .
While designs and costs have not been finalized , the new ballpark and related infrastructure are estimated at $ 1 billion . The master agreement for this public-private partnership calls for a 50-50 split between the Texas Rangers and the City of Arlington , with the City ’ s financial contribution capped at $ 500 million .
The new ballpark will be more than just the Texas Rangers ’ new home when it opens . The stadium , designed by nationally renowned sports and entertainment design

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firm HKS , Inc ., will also serve as a multipurpose sports and entertainment venue capable of hosting high school , college and international sports , and other special events .
The design of the new stadium , which will be built on what is now a team parking lot , is expected to have similar features as Globe Life Park and will also include office space for the team .
The future ballpark isn ’ t the only new entertainment destination for residents and visitors in The American Dream City . It is being designed and built along with a world-class entertainment complex called Texas Live !

The Line Up : 2017

January February March April May June July August September
Design Schematic Design Design Development
Construction Team & City
RFP for General Contractor pick general contractor
Team / City Agreements
Financing
Roof development general contractor Agreement & Pre-Construction Services
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