Home Plate Update March 2017 - Page 8

INSIDE TEXAS LIVE !

In December 2015 , the Arlington City Council approved a public-private partnership with the Texas Rangers to create the entertainment complex near Globe Life Park and AT & T Stadium . The first phase of the project , set to open in 2018 , will feature best-in-class restaurants , retail and entertainment venues , along with a signature event space for up to 5,000 people . A 300- room upscale hotel with 35,000 square feet of convention space is also expected to open later that year .

TEXAS LIVE ! NEW

PLAYERS

Texas Live ! was originally billed as a $ 200 million , 100,000-squarefoot project with the hotel and Convention Center annex to be built in a later phase . The first phase , now expected to cost $ 250 million , will feature three major venues as well as the hotel and convention space . Texas Live ! is projected to create more than 3,000 jobs and draw more than 3 million visitors to Arlington annually .
The Cordish Companies , an award-winning development firm with expertise in mixeduse , entertainment and sports developments , is the Rangers ’ development partner on Texas Live !
Whether you ’ re a diehard baseball fan or just someone looking for good food and fun , Texas Live ! promises to offer Entertainment District visitors a variety of family friendly dining , shopping and entertainment options . Several destinations have already been announced for the mixed-use development , set to open in 2018 near the future Texas Rangers ballpark . They include :
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• Rangers Republic : the “ ultimate fan clubhouse ” for Rangers fans
• Live ! Arena : this event space has been nicknamed the “ living room ” of Texas Live !
• Arlington Backyard : a 5,000-capacity outdoor event pavilion
Revolver Brewing
Lockhart Smokehouse Barbecue
Guy Fieri restaurant
PBR Country Bar
• Live ! hotel
As part of a public-private partnership , the City of Arlington plans to contribute $ 50 million in natural gas revenue toward the Texas Live ! project . If project milestones are met , the City is also prepared to provide performancebased incentives that include allowing the team to retain income from the following sources : hotel occupancy tax , property tax , sales tax and mixed beverage tax for 30 years from the City and hotel occupancy tax and sales tax from the state for 10 years .