The city of Arlington has formalized a plan to refinance its AT&T Stadium debt to help pay for the city’s half of the new $1 billion retractable-roof stadium for the Texas Rangers.
The refinancing plan is among numerous legal documents the City Council approved recently to translate the many provisions of the master agreement between the city and the Rangers into firm contract language, city officials said.
Some documents established a larger stadium capacity than the 38,000 seats noted in the original papers, and others set a $100 million price for the stadium if the Rangers want to purchase it after the lease expires in 2054.