Agreement 0013833, filed with the Texas Comptroller by CITY OF FRISCO, TEXAS, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATION.
A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.
| Field | Value & quoted source | Page |
|---|---|---|
| Granting body | CITY OF FRISCO, TEXAS, FRISCO ECONOMIC DEVELOPMENT CORPORATION, FRISCO COMMUNITY DEVELOPMENT CORPORATIONCITY OF FRISCO, TEXAS, a municipal corporation of the State of Texas and a home-rule city located in Collin County, Texas (the “City”), FRISCO ECONOMIC DEVELOPMENT CORPORATION (“FEDC”), a Texas corporation organized and existing under Chapter 501 of the Texas Local Government Code, known as the Development Corporation Act, as amended from time to time (the “Act’”), FRISCO COMMUNITY DEVELOPMENT COR | 4 |
| Contracting entity | FRISCO STADIUM, LLCFRISCO STADIUM, LLC, a Texas limited liability company (“FSLLC’”’). | 4 |
| Parent / guarantor | Not stated in the agreement | — |
| Instrument | MASTER DEVELOPMENT AGREEMENTMASTER DEVELOPMENT AGREEMENT FOR MIXED USE IMPROVEMENTS AT SOCCER COMPLEX | 1 |
| Governing chapter | Chapter 380, Local Government CodeSubject to FSLLC’s compliance with the Performance Master Development Agreement Page 4 4490612 4865-3787-9011.v1 <<<PAGE 8>>> Requirements (defined below), the City shall provide to FSLLC an economic development grant under the provisions of Chapter 380 of the Texas Local Government Code to promote business and commercial activity on the Property (the “City Separated Materials Tax Grant”) payable | — |
| Capital investment | $ 72,300,000West Sicle includes new entrance, club spaces and seating, suites, broadcast booths, press box, concessions, retail space, and restrooms $ 72,300,000 | 25 |
| Grant or incentive | $182,000,000.00reimbursements of up to $182,000,000.00 for costs incurred by FSLLC in the design, management, construction, and installation of the Capital Improvements | 5 |
| Jobs committed | Not stated in the agreement | — |
| Wage requirement | Not stated in the agreement | — |
| Square footage | 130,000 square feetreplacing them with 130,000 square feet of renovated space | 24 |
| Acreage | 114 acresThe Stadium and related facilities are located on approximately 114 acres of property | 4 |
| Performance deadline | December 31, 2035completion of construction of the Phase I(a) Development on or before December 31, 2035 | 10 |
| Expiration | December 31, 2057extension of the primary term of the Lease Agreement through and including December 31, 2057 | 5 |
| Effective date | September 17, 2024entered into as of this 17th day of September, 2024 (“Effective Date”) | 4 |
| Signatory | Jimmy SmithJimmy Smith, Chief Operating Officer | 50 |
| Chain status | Terminal document — no later agreement in the registry names this one as its predecessor | — |
Agreement 0013833 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.
Where the contract says nothing, the field is left empty rather than filled with a guess.
This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.
Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.