{"id":142264,"date":"2025-08-13T11:36:15","date_gmt":"2025-08-13T11:36:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/142264\/"},"modified":"2025-08-13T11:36:15","modified_gmt":"2025-08-13T11:36:15","slug":"arlington-set-to-pay-off-att-stadium-construction-debt-friday-about-a-decade-ahead-of-schedule","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/142264\/","title":{"rendered":"Arlington set to pay off AT&T Stadium construction debt Friday, about a decade ahead of schedule"},"content":{"rendered":"

Arlington will finish paying off\u00a0AT&T Stadium this week<\/a>, according to City Manager Trey Yelverton.<\/p>\n

Home to the Dallas Cowboys<\/a>, AT&T Stadium was financed in 2005 using a bond that was scheduled for payoff in 30 years. Yelverton said the city is a decade ahead of schedule and has saved around $150 million as a result.<\/p>\n

\u201cTen years early saves you a lot of interest and a lot of fees,\u201d Yelverton told the council during a Tuesday meeting. \u201cBecause of how we\u2019ve structured things, we\u2019re able to pay them off early and because we pay this one off early we continue to be in a good position for Globe Life Field.\u201d<\/p>\n

Yelverton said the city expects the debt for Globe Life Field\u2019s construction to be paid off 14 years early, by 2034. He expects the city to save almost $200 million by paying that stadium off early.<\/p>\n

The news was shared with the council as part of a presentation on\u00a0the proposed tax rate increase and next year\u2019s budget<\/a>.<\/p>\n

The stadium cost $1.2 billion to construct, with the city funding $325 million of that. The city\u2019s contribution to construction came from a bond approved by voters in 2004. The Dallas Cowboys paid any expenses over that amount.<\/p>\n

Arlington voters also approved a half-cent sales tax increase, a 2% hotel occupancy tax and a 5% rental car tax to satisfy that debt.<\/p>\n

Those taxes, which could only be used to satisfy the city\u2019s debt for the stadium, generates around $55 million a year, according to a news release from the city.<\/p>\n

Arlington will make the final $22.6 million payment on Friday, the city said in the release.<\/p>\n

With interest and fees, Arlington paid $490.3 million to settle the debt.<\/p>\n

\n\tRelated\n<\/p>\n

Fort Worth Report is certified by the Journalism Trust Initiative<\/a> for adhering to standards for ethical journalism.<\/p>\n

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