SunTrust to finance $600mn for Texas Rangers Stadium




Linkedin Twitter Xing

Suntrust - Texas Rangers stadium

SunTrust Bank closed $600 million in financing for the Texas Rangers to fund the team’s share of construction costs for its new ballpark.

The stadium, to be named Globe Life Field, is a public/private partnership with the City of Arlington, TX. The park will feature a retractable roof facility with modern ballpark amenities. The financing provides the Rangers with efficient access to funding that will allow the new stadium to stay on track to open for the 2020 MLB season.

“While our deep expertise in sports and stadium financing made the transaction possible, it was our shared vision with the Rangers that made this deal come to life,” said Julia Harman, SunTrust Commercial Banking president for the Dallas – Fort Worth market.

“The Rangers is an organization dedicated to their community and their broad fan base. This transaction allows them to stay in Arlington for the foreseeable future and create a ballpark with the amenities and overall fan experience that will be among the best in professional sports,” said Peter Dorfman, managing director in the SunTrust Sports and Entertainment Group.

More on the story at Coliseum Summit US, May 9-10, 2018, in Detroit, Michigan.

Coliseum is a global series of stadium and arena business conferences and a sports venue news online-platform dedicated to the various challenges of designing, constructing and operating of sports venues all around the world.

Continue to follow Coliseum for latest updates on stadium business.



«
»

More News

Coliseum Summit ASIA-PACIFIC 2017

Coliseum Summit ASIA PACIFIC ropes in BWA, Rossetti and Vanguan Sports as partners

Published: October 6, 2017

Coliseum – a top name in international stadium conferences – is glad to announce BWA, Rossetti...
» Read more

Guangzhou Wanda Mall

China’s Guangzhou Wanda Mall to feature indoor ski resort

Published: September 22, 2017

The new Wanda Mall in Chinese port city of Guangzhou, scheduled for a June 2019 opening, will...
» Read more

Suntrust - Texas Rangers stadium

SunTrust to finance $600mn for Texas Rangers Stadium

Published: September 22, 2017

SunTrust Bank closed $600 million in financing for the Texas Rangers to fund the team’s share of...
» Read more

Curragh Racecourse

Main contractor announced for massive €70m Curragh Racecourse redevelopment

Published: September 19, 2017

Construction giant, John Sisk & Son Ltd has been announced as the main contractor to construct...
» Read more