The Texas Rangers and The Cordish Companies Set to Commence Construction on First Phase of $250 million Texas Live! Project

. October 24, 2016

ARLINGTON, TX. October 24, 2016 - Construction for the first phase of Texas Live! will commence next week at the project site located in between the Texas Rangers' Globe Life Park and the Dallas Cowboys' AT&T Stadium in Arlington, TX.

"We were obviously hoping that a few more October games would delay this for a little longer," said Rob Matwick, Rangers Executive Vice President for Business Operations. "However, the Rangers had a great season with a second consecutive division title and now the excitement grows as we will begin site work for this long-awaited development in the Arlington Entertainment District. We can't wait to get started."

Texas Live! will be a major economic engine to the local community and create maximum community benefits to the City of Arlington and its residents. The $250 million first phase will include 200,000 square feet of premier dining and entertainment space; a 5,000-capacity outdoor event pavilion; a full-service 300-room convention hotel; and a 35,000 square foot meeting/convention facility.

"This announcement marks an important milestone for the City of Arlington, Texas Live! and its development team," stated Mayor Jeff Williams. "The Texas Rangers and The Cordish Companies are delivering exactly as announced last month in their ongoing commitment to bringing a world-class, sports-anchored destination to Arlington in 2018."

Texas Live! will bring over 3,000 new jobs and 3 million new visitors to Arlington upon its opening in 2018. The dining and entertainment portion of the project will open in the Spring of 2018 with Opening Day and the hotel/convention facility will open in the Fall of 2018.

About The Cordish Companies

The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Real Estate Development, Gaming & Hospitality, Entertainment Management and International Urban Planning & Development. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. Prime examples are The Cordish Companies' prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Charleston, SC; Houston, TX; Louisville, KY; Kansas City, MO and St. Louis, MO. In addition, The Cordish Companies has developed and operates multiple highly acclaimed entertainment destinations throughout the United States which welcome over 50 million visitors per year and are the most visited destinations in their respective regions. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com. "The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities"). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names "Cordish," "The Cordish Companies" or "The Cordish Company" here or elsewhere.

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