Report: Rangers to announce plans for retractable-roof stadium

The Texas Rangers and the city of Arlington are set to announce plans for a new retractable-roof stadium, reports Evan Grant of the Dallas Morning News, citing two major-league sources.

City sources tell Gordon Dickson of the Fort Worth Star-Telegram a press conference is scheduled for 1:30 p.m. ET on Friday to make an "important economic development announcement."

Construction of the potential new stadium would require approval from Arlington voters if tax dollars were used for the ballpark.

The stadium would reportedly cost $900 million to build and the bill would be split between the city and the Rangers.

A location for the new stadium hasn't been revealed, nor has a target construction date.

The Rangers' lease with the city for their current home at Globe Life Park in Arlington, which was built in 1994, is set to expire before the 2024 season. It's uncertain how far ahead of '24 the new stadium could open.