Rangers' Texas Live! Entertainment District Set For Grand Opening
Today marks the opening of the MLB Rangers' Texas Live!, a "long dreamed-of concert and food venue" across the street from Globe Life Park, according to a front-page piece by Karen Robinson-Jacobs of the DALLAS MORNING NEWS. The $250M development is a "joint effort between the city of Arlington, which kicked in" $50M, Baltimore-based Cordish Cos and the Rangers. Unlike "other 'sports anchored entertainment districts,' the Rangers organization has an ownership stake in the development." The move is part of a "broader trend nationwide that's seen sports teams look to boost their reach beyond the field of play." Rangers Exec VP/Business Operations Rob Matwick said, "Teams have realized over time that there's tremendous opportunity not only inside the ballpark but outside our doors, adjacent to the ballpark. Our objective is: We want to be a business that's 365 days a year. It's no longer just enough to do 81 baseball games." Robinson-Jacobs notes sports-oriented developments have "been around for years." Victory Park, outside of the American Airlines Center in downtown Dallas, "aimed to capitalize on the pre- and post-game crowds when it opened in the mid-2000s." However, neither the Mavericks nor the Stars "have an ownership stake in the adjacent entertainment district" (DALLAS MORNING NEWS, 8/9). Dallas-based WFAA.com's Landon Haaf noted the Rangers are "out of town for a four-game series" with the Yankees, but the restaurants and the "Arlington Backyard" live music area will be "open for business for a grand opening weekend starting at 8:00pm CT (WFAA.com, 8/8).