ARLINGTON, TX The Texas Rangers announced that HKS, Inc., has been selected to design the new ballpark to be built in Arlington, Texas, as the project moves closer to another dream getting done in The American Dream City.

The new ballpark, which is being built as a public-private partnership between the city of Arlington and the Rangers, will not only be the team's new home but also a multipurpose sports and entertainment venue that will include capabilities for hosting high school, college and international sports as well as entertainment tours.

The design for the new ballpark, which will be built on what is now a team parking lot south of Randol Mill Road, will include a retractable roof for climate control and shelter for fans during the hot summer months. The new venue - designed with a street-side that is different than anything in baseball - will complement and enhance the fabric of the surrounding Texas Live! development - a mixed-used entertainment district featuring dining, entertainment, a hotel and a convention center.

The design phase of the ballpark is currently underway with construction expected to be begin later in the year. The facility is expected to open in time for the start of the 2020 Major League Baseball season.

While designs and costs have not been finalized, a new ballpark and related infrastructure is estimated at $1 billion. The master agreement for this public-private partnership calls for a 50-50 split between the Texas Rangers and the city of Arlington, with the city's financial contribution capped at $500 million. Arlington's ballpark bonds to finance the project were approved by voters in a city referendum. The Texas Rangers' 30-year lease on the city-owned Globe Life Park in Arlington was set to end in 2024. With the new master agreement, the Rangers' partnership with Arlington extends until Jan. 1, 2054.