The city of Arlington announced late Friday night it will consider an agreement with the Texas Rangers to build a new $200 million mixed-use development across the street from Globe Life Park.
The 100,000 square-foot complex would be located at the southwest corner of Nolan Ryan Expressway and East Randol Mill Road, where Rangers parking lots currently sit.
According to city documents, it would home to “a variety of restaurants, retail spaces, entertainment venues, and a signature event space.” The proposed plan also calls for the development of a hotel with at least 300 rooms and 35,000 square feet of meeting and convention space.
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If approved, the city would invest $50 million into the project and provide other performance based incentives to the Rangers in the form of grants. The Texas Rangers organization would pick up the rest of the tab.
The Rangers have not yet commented on the proposal – but social media is already buzzing with people wondering if this is a sign of the team’s commitment to Arlington amidst increasing rumors they may be looking to relocate to Dallas.
Arlington City Councilman Robert Rivera shared the news on his Facebook page with the message, “Arlington’s partnership with the Rangers spans more than four decades. This project is the next chapter in our long partnership.”
The City Council will vote on the agreement during its meeting Tuesday night. The meeting will take place at City Hall starting at 6:30 p.m.