ARLINGTON, TX—Arlington has approved an economic development project that will include a 100,000-sq.-ft. entertainment complex near Globe Life Park here. The $200-million project is a public-private partnership between the City of Arlington and the Texas Rangers, with the city investing $50 million.
The agreement includes plans to develop a hotel with a minimum of 300 rooms and 35,000 sq. ft. of meeting and conference space.
It is the intention for the hotel/convention facility to proceed by the end of 2016. In that case, the city would provide the Texas Rangers performance based incentives that include retaining income from the following sources: hotel occupancy tax, property tax, sales tax and mixed beverage tax for 30 years from the city and hotel occupancy tax and sales tax from the state for 10 years.
The entertainment complex will have multiple restaurants, retail space and entertainment venues, along with a signature event space.
Construction of the entertainment complex will begin in 2016 and open 12 months later.