Home Plate Update September 2017 - Page 4

The retractable roof, open gathering spaces adjacent to the ballpark and proximity to other shopping, dining and retail destinations at Texas Live! will make it possible for the Rangers to host events year-round, said Rob Matwick, Rangers executive vice president of business operations. "It's amazing. It truly is," Matwick said. "We want this to be the best Major League Baseball facility there is. A building like this gives us opportunities that just don't exist for us today at Globe Life Park." The new ballpark’s architecture is intended to complement but not copy Globe Life Park and to even improve upon some of the features fans say they love, said Brian Trubey, HKS executive vice president. Shortly after Arlington voters approved helping publicly finance the new ballpark last November, the Texas Rangers began gathering input through a fan feedback website and focus groups about the design and the type of ballpark experience fans said they wanted to see. When asked about desired ballpark features, survey participants 4 said they wanted to see things such as distinct architectural details, technological improvements like free Wi-Fi, larger seats with more legroom, and a free family and kids area for children to play at during games. The new park will feature brick and Texas limestone, more landscaping, overhangs to provide shade for fans outdoors, an asymmetrical field design and a more intimate seating environment, Trubey said. A New Name The Rangers extended its naming rights relationship with the Globe Life insurance company, which owns the naming rights to Globe Life Park at Arlington. The naming rights contract for Globe Life Field is in place through 2048. “Globe Life has been an outstanding partner over the last four years, and the Rangers are excited that this relationship will continue long into the future,” said Ray Davis, Texas Rangers co-chairman and managing partner. “We thank Globe Life for its commitment as the naming rights partner for the beautiful new Globe Life Field and for being a leader in its community efforts with our youth.” Rangers Secure $600 Million in Financing Shortly after announcing the new name, the Texas Rangers also said they will fund up to $100 million more than initially projected for the climate-controlled, multipurpose venue. On August 21, the Rangers secured a $600 million loan for its contribution toward the public-private project, which was approved by Arlington voters last November. As outlined in the master agreement with the Rangers, the City of Arlington’s contribution for the ballpark, originally projected at $1 billion, is capped at $500 million with the Rangers paying for any overages. The Arlington City Council voted August 18 to make modifications to the Rangers Ballpark Lease Agreement and Purchase Option