Globe Life Park located in Arlington, Texas is home to the Texas Rangers American League Baseball team. This a booming part of Arlington, however many feel the area can benefit from an entertainment district, located close to the baseball field. After talks of developing an entertainment area across the street from the baseball field, the Arlington City Council unanimously voted to approve the project. Mayor Jeff Williams and Rob Matwick, Executive Vice President of Business Operations for the Texas Rangers, both announced a $200 million dollar project in the works, which will be known as Texas Live!.
What kind of entertainment to expect
Texas Live! will be located just south of the baseball stadium and offer a 100,00 square foot dining and entertainment space. What exactly is included in an entertainment district? Arlington is taking note from places like St. Louis and Kansas City to develop an area with a variety of shops, restaurants, a 300-room hotel, and 35,000 square foot meeting and conference space. In addition to building an array of new buildings for the entertainment district, Arlington officials said that they want Texas Live! to be known for free public events for the community. It is really to keep the area thriving, even when the Rangers are not playing at home or during the off season.
Money to support Texas Live!
Residents of the Arlington area will be happy to know that there will be no new debt or taxes they have to pay for the project. The city will be taking money from the $100 million Arlington Tomorrow Fund, which was created from natural gas drilling revenues. About $50 million will be invested into the project from these funds, while the additional $150 million will come from a private sector investment. Revenue that is generated from the Texas Live! district will eventually go back into Arlington neighborhoods. It is the hopes that this money will help to strengthen economy in the region, while drawing more tourists to the area.
Construction of Texas Live! and job growth
It is going to take a while before Texas Live! is up and running, but construction is expected to begin quickly in 2016. Hopefully, the entire project will take just 12 months to complete and be ready in the summer of 2017. Texas Live! buildings are going to be built on a parking lot of the Globe Life Park, but there will still be plenty of parking for baseball games. Mayor Williams expected the development of the project to produce 1,800 new jobs, which is great for the city.
An entertainment district like this has been talked about for years, even before the Globe Life Park Stadium was built. The Rangers baseball team really pushed to get this project off the ground, and the vision is finally going to become a reality. Co-chairman for the Rangers, Ray Davis, says this first-class entertainment complex will be a tremendous addition to the area. We bet many people in Arlington agree, and look forward to hearing what locals in the area have to say about the addition of Texas Live!.