UPDATE 2:21 p.m. May 20, 2016 The announcement has been made. Rangers owner Ray Davis and Arlington Mayor Jeff Williams held a joint press conference today at Arlington City Hall to announce a new retractable-roof ballpark will be built for the Rangers. Voters will be asked in November to approve the use of a half-cent sales tax, as well as taxes on hotels and rental cars, to build the stadium. The City’s outlay will be capped at $500 million, with the team paying the rest. If voters approve the measure, construction could start as soon as next year, meaning the team could be playing in air-conditioned comfort as soon as 2021.
Davis and Williams also announced the location of the new stadium. It will be built adjacent to Globe Life Park, in what is now parking lots A and B. The site of the current park will be redeveloped as part of the already-approved entertainment district. Here are details in the Fort Worth Star-Telegram.
(Image shows three Arlington landmarks: a roller coaster from Six Flags theme park, Globe Life Park and in the distance, the retractable roof of AT&T Stadium)