Sawtooth Rangers 4th of July Rodeo: Rodeo is a proud tradition in the West and in Hailey the Sawtooth Rangers have held an exciting professional rodeo, featuring some of the best riders and stock in the country, over the 4th of July every year since 1947. In 2011 the City of Hailey invested over $3 million to build a new state-of-the-art rodeo arena and grounds at the entrance to the city at Werthheimer Park to play host to the Sawtooth Rangers Rodeo as well as other events throughout the year.