Update on the Dallas Cowboy's Stadium & changes coming to Frisco!
Wednesday, October 23, 2013
- Location is northwest corner of Dallas North Tollway and Warren Parkway.
- Development will include an indoor stadium, plaza, restaurants, Cowboys headquarters, retail, office buildings, and hotels.
- There will be 1.71 million square feet of space, including two hotels with 450 rooms.
- This is an optimal site because there is $4.5 million in retail within one square mile.
- An adjacent 250 acres has been sold to the development for a total of around 350 acres in the entire project.
- The Cowboys will be the signature tenant on the 350 acres.
- The sports facility portion is 20 acres and is comprised of an indoor stadium, outdoor fields, parking, and Cowboys offices.
- The City of Frisco is donating 91.645 acres plus $30 million. No increase in property or sales tax is required.
- Frisco ISD already had $30 million budgeted for the construction of a new stadium.
- FISD gets first right to the indoor stadium on Friday and Saturday nights.
- The Cowboys are responsible for 100% of the field maintenance.
- The stadium budget is $90 million and the stadium will be owned by the City of Frisco.
- The development is expected to pay Frisco up to $1.26 billion in cumulative taxes.
- Plans will be drawn up over the next 9-12 months and construction to begin August 2014.
- All overruns will be paid by Blue Star Development (Cowboys).
- The Cowboys want to be in their facility for 2016 training camp.
- Warren Parkway will be widened by two more lanes (inside lanes added).
- Lebanon Road is also expected to be widened by two more lanes (inside lanes added).
- Dallas Parkway (North Dallas Tollway service road) will be widened by one lane from Lebanon Road south to State Highway 121/Sam Rayburn Tollway.
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