LOT R GLOBE LIFE FIELD PLUS
LOT R GLOBE LIFE FIELD SERIES

LOT R GLOBE LIFE FIELD SERIES

The Rangers staged a series of eight country music concerts in the parking lot, charging $40 a car for two one-hour shows a night and generating about $145,000. Getting creative in the interim, the team raised $2 million hosting 57 local high school graduations with students and their families wearing face masks and socially distancing throughout the lower decks of the park. The team store opened, and tours of the ballpark were able to begin in June. There’s no reason to think it couldn’t get that high.” “We’re still hoping we can get some fans in the building to offset our potential losses. “It’s still indeterminate what the losses will be, but they will be significant,” Matwick said. The Rangers and the D-backs, which control the scheduling of non-baseball events in their own facilities, stand to lose also from a lack of other stadium programs, like large-scale concerts and tractor pulls.

LOT R GLOBE LIFE FIELD PLUS

Like the Rangers, the Arizona Diamondbacks said they stand to lose $100 million, plus $30–$50 million in 2021, even if they can eventually play in front of fans. Those losses will be less than that if the sport can get to October and the postseason, when the bulk of the $1.7 billion in national television money is paid. Baseball hasn’t been played since March 12.ĭuring the height of highly contentious negotiations for return to play between MLB and the MLB Players Association, Commissioner Rob Manfred stated the overall losses for the sport could be $4 billion if there was no season. That entity merged and is now called Truist Bank.įolks in Arlington voted to pay for half the cost of the facility through a public bond issue about a month before the Rangers acquired access to their loan, but no one knew the coronavirus was going to so severely alter the scale of MLB’s and the nation’s economy.

Despite the loss of revenue-from ticket and suite sales, concessions, merchandising and parking-the team still has to service its debt on a $600 million private commercial loan the Rangers received from what was then called SunTrust Banks at the end of 2017.

The facility costs $30 million to $40 million to operate annually on a day-to-day basis whether or not an event or game is staged.The Rangers could lose as little as $70 million and as much as $100 million this season, depending on when and if some fans can attend games during the later portion of the 30-game home schedule.

The question is, at what cost? These are a few of the discouraging numbers: It’s certainly not the way we expected to open.” “It is bittersweet that we can finally get the team on the field, have opponents and actually play Major League games, but unfortunately with very few people watching,” said Matwick, who has overseen every aspect of construction since its inception. That facility sits across the parking lot and is now technically home to North Texas SC of the United Soccer League 1.īut there won’t be any fans attending baseball games, at least early on in this abbreviated 60-game schedule. The stadium has a retractable roof, a new age artificial grass surface, and all the amenities of a brand new start-of-the-art facility compared to open air Globe Life Park, which opened in 1994 at the cost of $191 million.

Lot r globe life field