The Brief
- The City of Arlington is paying off its debt for AT&T Stadium a decade early, saving over $150 million.
- The final payment of $22.6 million will be made on Friday, August 15.
- The funds from the stadium-specific sales tax will now be redirected to pay for Globe Life Field.
ARLINGTON, Texas – The City of Arlington will be free of its debt for AT&T Stadium this week, a full decade ahead of schedule.
The fast-tracked payoff has saved the city over $150 million, they said in their Wednesday release.
Arlington pays off AT&T Stadium
The city said the debt accrued in their $325 million contribution to the project, taken on in 2005, was intended to be paid off over 30 years. With a final payment of $22.6 million, the city will be free of the burden far ahead of the 2035 goal.
The payment will officially be made on Friday, Aug. 15. …