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Election Day: Arlington voters approve new Texas Rangers ballpark worth $1 billion

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On Tuesday, voters in Arlington, Texas, approved a measure to contribute up to $500 million toward the cost of a new ballpark for the Texas Rangers:

The results of the ballot referendum mean that the Rangers will construct a new retractable-roof ballpark, the costs of which conservative estimates put at $1 billion. However, cost overruns are very often an inevitability with such projects. The team hopes to begin playing in the new ballpark by 2020 or 2021. Here's a look at one rendering of what the ballpark and surrounding complex will look like:

The ballot measure passed by a margin of 60 percent yes to 40 percent no.