Wednesday, May 13, 2020

Paying for a new stadium without fans

Rangers to Hold 4-Day 'Concert in Your Car' Outside Globe Life ...
Two months ago, we were so excited about a new Rangers’ rotation headed by 2-time Cy Young winner Corey Kluber and AL All Star Mike Minor and 16-game winner Lance Lynn.  
Furthermore, the Rangers were finally going to play under a roof, a brand-new stadium perfect for our hot summers.  It had lots of us dreaming of watching a good team in an air-conditioned facility.
Then came COVID-19 and everything is different.  No baseball or Corey Kluber.  
Worse than that, no money to pay the new stadium, as we see in this editorial:      
The Rangers are facing tough financial times, too, with some employees facing pay cuts. How long can the Rangers, or any sports team, meet financial obligations without ticket revenue? We hope the pandemic doesn’t test those limits. We take comfort in knowing that the city of Arlington doesn’t face financial ruin because of Globe Life Field debt.
It looks like the Rangers will start playing in early July.  We don’t know if they will play here or in some other locations.   
No matter what, cities like Arlington will face the other side of depending so much on sports’ revenues.  It all sounded like a great idea until the coronavirus spoiled a good thing.
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