rangers want new stadium and tax payer money

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Jocephus
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rangers want new stadium and tax payer money

Post by Jocephus »

The Star-Telegram reported that a new $900 million ballpark be split equally between the city and the Rangers. WFAA-TV (Channel 8) reported that an election would be held in November to dedicate Arlington's half-cent sales tax currently paying off the Cowboys AT&T Stadium to the new Rangers ballpark.
http://sportsday.dallasnews.com/texas-r ... of-stadium

Michael
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Re: rangers want new stadium and tax payer money

Post by Michael »

What a scam

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Re: rangers want new stadium and tax payer money

Post by Arthur Dent »

Wait, they dedicate a half cent of sales tax revenue to paying for the Cowboys' stadium? That means the city of Arlington dedicates ~30% of its sales tax revenue to stadium funding.

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Radbird
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Re: rangers want new stadium and tax payer money

Post by Radbird »

Are ballpark lifespans now only 20 years?

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wart57
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Re: rangers want new stadium and tax payer money

Post by wart57 »

Radbird wrote:Are ballpark lifespans now only 20 years?
Top tier baby!

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Re: rangers want new stadium and tax payer money

Post by jim »

This is absurd.

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Jocephus
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Re: rangers want new stadium and tax payer money

Post by Jocephus »

In December, the Rangers and the city announced plans for Texas Live!, a $200 million public-private development adjacent to Globe Life Park, the current stadium. Just last week, it was revealed that the city plans to pay off its debt on AT&T Stadium nearly seven years early, in 2021. That news was expected to improve the city's credit rating, making it easier to borrow for other long-term projects.

The Rangers have also purchased the adjoining parking lots from former team owner Tom Hicks. So, Texas now has control of the surrounding property for additional development or just the revenue generated by the parking lots.

This computer rendering shows the proposed entertainment complex and hotel that Arlington and the Texas Rangers are considering building near Globe Life Park. It is unclear how these plans would be impacted if a new stadium is built.

The Ballpark in Arlington was originally built for approximately $191 million, but any new stadium would certainly eclipse the $500 million mark.
looks like they want ballpark village too

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doe_boy
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Re: rangers want new stadium and tax payer money

Post by doe_boy »

What is it with this [expletive]?

Socialism for the rich and free enterprise for the poor!

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Open_Invitation
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Re: rangers want new stadium and tax payer money

Post by Open_Invitation »

Arlington is doing everything they can to keep the Rangers - otherwise they will end up in Dallas.

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cardinalkarp
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Re: rangers want new stadium and tax payer money

Post by cardinalkarp »

Radbird wrote:Are ballpark lifespans now only 20 years?
That's what I was wondering, I didn't think it was that old as I was pretty sure it was fairly new when I spent some time in Dallas back in 99'.

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