Don’t let the big election overshadow all the little stuff that got voted on.
Big stuff actually, like the vote in Arlington that approved $500 million in funding for a new Rangers Stadium. It’s allegedly going to be a 50/50 split between public and private funding, but analysts have said that this will end up costing the city of Arlington over $1.1 billion over the next 3 decades.
And that’s just assuming they won’t be working on new funding for a new stadium by then. Because this stadium’s only 22 years old. 22 YEARS OLD AND THEY’RE BUILDING A NEW ONE.
As we always do with these things, let’s look at how much moolah the owners have in their pockets that they could use to fully fund the stadium. Since it’s Texas, both of them work for some shady sounding energy and oil company. Ray Davis, one of the majority owners, was last calculated to be worth $2 billion in 2013. The other majority owner, Bob Simpson, sold his oil company to Exxon Mobil for $41 billion in 2010. Of course. Just of course.