V
oters in Frisco will decide today whether to approve a $340 million arts center, designed to boost the city's cultural appeal. The proposed venue could feature a 2,800-seat performance hall, a 400-seat theater, and creative spaces. City officials aim to select a location by January and finalize development plans next summer.
Frisco has partnered with Prosper Independent School District and Broadway Across America on the project. Prosper ISD will contribute $100 million through its 2023 Performing Arts Center bond funds, while Frisco sets aside $160 million in public funding. The city is also discussing a potential contribution of up to $20 million from Hall Group, which has significant investments in Frisco.
Local property taxes won't increase due to the public funding. Private and philanthropic sources are expected to play a role in covering costs. City officials see the arts center as an investment in the community's future, with Mayor Jeff Cheney calling it "an investment for 50-plus years." The city is shifting its focus from sports to arts and culture, according to Cheney.
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