billion vision by the City of Arlington, Texas Rangers,
The Cordish Companies and Loews Hotels & Co
that began with the $250 million Texas Live!, which
opened August 2018, and Live! by Loews Hotel which
opened in August 2019. Together, along with the
Rangers’ new Globe Life Field, the total investment
of new development by the partnership totals over
$2.25 billion. The new mixed-use project will be a
major economic engine to the area and is expected
to generate approximately $1.8 billion in economic
benefits to Arlington and Tarrant County.
“The Texas Rangers are proud to call
Arlington our home as the city and its
leaders continue to create one of the
nation’s premier sports and entertainment
destinations,” said Texas Rangers Co-
Chairman and Managing Partner Ray
Davis. “We want to thank our great
partners, Loews Hotels & Co and The
Cordish Companies for sharing our vision
for the Arlington Entertainment District.
With its opening next March, Globe Life
Field will be the finest ballpark in Major
League Baseball, and the development
projects announced this evening are
another very exciting addition to the area.”
The expansion would bring these partners’ total
investment in Arlington, which includes the new
Texas Live! and Live! by Loews – Arlington Hotel, to
more than $1 billion.
“It’s another great day in Arlington, as we continue
to build on the economic momentum in our
world-class Entertainment District,” said Arlington
Mayor Jeff Williams. “When Loews Hotels & Co, The
Cordish Companies, the Texas Rangers and the
City of Arlington all come together on a project,
there’s no limit to the dreams we can realize here
in The American Dream City. This project and the
recent National Medal of Honor Museum will add
significantly to the city’s sales tax revenue, allow
us to continue to keep our taxes among the lowest
in the area and provide the quality services our
residents have come to expect with minimal public
investment.”
Just as the first phase served as a model project for
Tarrant County and Arlington, the next phase will
support the community and its residents with the
same commitment. The project is expected to create
an additional 3,000+ jobs and generate $78 million
for Arlington ISD, $15 million for Tarrant County
College and $30 million for Tarrant County and the
hospital district over 30 years.
Construction will commence in the first quarter of
2020 beginning with the first 1,500-space parking
garage on the west side of Lot J, which will be
connected to the new Loews Arlington Hotel.
Read the full article here.
This expansion is the next phase of a greater $4
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