"BOTH THESE ROADWAYS FACILITATE THE INCOMING DEVELOPMENTS WE HAVE IN
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THIS PART OF THE CITY - RESIDENTIAL, RETAIL AND OF COURSE ENTERTAINMENT." CONSTRUCTION IS UNDERWAY TO BUILD UNIVERSAL PARKWAY AND FRISCO STREET IN NORTHERN FRISCO.CREWS CONSTRUCT TWO
NEW ROADS WITHIN THE FIELDS DEVELOPMENT EAST OF THE DALLAS NORTH TOLLWAY. "THIS IS THE CONSTRUCTION
OF UNIVERSAL PARKWAY. IT TAKES US FROM NORTHBOUND DALLAS PARKWAY AROUND TO A FUTURE EXTENSION OF
PANTHER CREEK PARKWAY TO THE EAST." THIS 6-LANE ROAD WILL BE THE NORTHEAST BORDER OF THE FUTURE
UNIVERSAL KIDS RESORT, UNDER CONSTRUCTION AS WELL. "ALSO INCLUDED WITH THE PROJECT IS THE EXTENSION
OF FRISCO STREET." THE 2-LANE ROAD WILL RUN FROM UNIVERSAL PARKWAY NORTH TO PGA PARKWAY. "SO BOTH OF
THESE ROADWAYS WERE ON THE CITY OF FRISCO MASTER THOROUGHFARE PLAN THAT WAS APPROVED WITH THE 2015
COMPREHENSIVE PLAN." CONSTRUCTION GOT UNDERWAY IN AUGUST AND A LOT OF WORK IS NEEDED BEFORE
CREWS CAN START PAVING THE STREETS. "WHAT THE CONTRACTOR IS WORKING ON RIGHT NOW IS INSTALLING
UTILITY LINES. WE HAVE WATER LINES, SEWER LINES, WE HAVE ONE BRIDGE ON FRISCO STREET, WE'VE
GOT TWO ROUNDABOUTS ON FRISCO STREET, WE HAVE TRAFFIC SIGNALS, STREET LIGHTING, LANDSCAPING AND
IRRIGATION. "THIS PROJECT HAS A CONSTRUCTION COST OF $34 MILLION PAID UPFRONT BY THE DEVELOPER. ONCE
COMPLETE, THE CITY WILL REIMBURSE THE DEVELOPER A MAJORITY OF THE COST USING A COMBINATION
OF BONDS, IMPACT FEES AND TAXES COLLECTED THROUGH REINVESTMENT ON THE LAND. "ONE OF THE
UNIQUE THINGS ABOUT THIS PROJECT IS REALLY THE COLLABORATION THAT IT TAKES TO GET IT DONE.
THIS IS A VERY LARGE PROJECT BEING CONSTRUCTED IN A FAIRLY SHORT AMOUNT OF TIME AND THE ONLY
WAY TO MAKE THAT POSSIBLE IS THROUGH THE CITY WORKING HAND IN HAND WITH THE DEVELOPER, WITH
THE CONTRACTOR, WITH INDIVIDUAL DEVELOPMENTS IN THE AREA TO MAKE SURE THAT THEIR NEEDS
ARE BEING MET. IT'S BEEN FUN TO BE A PART OF THAT TEAM." UNIVERSAL PARKWAY AND FRISCO STREET ARE
EXPECTED TO BE FINISHED AND OPEN BY THE END OF THE YEAR.
* This transcript was compiled from uncorrected Closed Captioning.