Globe Life Park in Arlington is a baseball park in Arlington, Texas, located between Dallas and Fort Worth. It is home to the Texas Rangers of Major League Baseball and the Texas Rangers Baseball Hall of Fame. It was constructed as a replacement for nearby Arlington Stadium and opened in April 1994 as The Ballpark in Arlington. Ameriquest bought the naming rights to the ballpark on May 7, 2004, and renamed it Ameriquest Field in Arlington. The Rangers severed their relationship with Ameriquest on March 19, 2007, and announced the park would be renamed Rangers Ballpark in Arlington. Globe Life and Accident Insurance Company, a subsidiary of McKinney-based Torchmark Corporation, bought the naming rights for the facility on February 5, 2014.Voters in Arlington approved extending the sales and hotel taxes in November 2016 to fund Globe Life Field, a new ballpark set to be built in the area adjacent to the current ballpark and will open in 2020.