ARLINGTON, Texas (AP) The Arlington City Council has approved a master agreement setting forth the public-private setup to build a retractable-roof ballpark for the Texas Rangers.
The unanimous vote Tuesday night begins the process for placing on the Nov. 8 ballot an extension of the sales, car rental and hotel occupancy tax already levied to build AT&T Stadium, the home of the Dallas Cowboys.
The new ballpark and related infrastructure is estimated to cost about $1 billion, with the city and the Rangers splitting the cost with the city's burden capped at $500 million. If voters approve the extension, the tax revenue would pay off the bonds the city floats to finance its half of the project cost.
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The new park, which would be leased to the Rangers for 30 years, is expected to seat at least 38,000 fans.