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"THIS HAS BEEN AN AMAZING PARTNERSHIP DATING ALL THE WAY BACK TO 2002." THE CITY OF FRISCO AND FC DALLAS REINVIGORATE ITS LONG-TERM PARTNERSHIP SCORING BIG FOR THE COMMUNITY.
"THAT'S A GREAT COMMITMENT FOR FC DALLAS TO BE HERE THROUGH ALMOST 2060." "ALL IN FAVOR? I. MOTION PASSES 6-0 CONGRATULATIONS.
THE FRISCO CITY COUNCIL VOTED UNANIMOUSLY TO EXTEND THE LEASE FOR FC DALLAS
THROUGH 2057 AND FUND UP TO $182 MILLION FOR TOYOTA STADIUM IMPROVEMENTS. "THIS IS GOING TO
KEEP THEM IN FRISCO FOR ANOTHER 30 PLUS YEARS. IN THEIR WORDS THEY'RE GOING TO BUILD THE BEST SOCCER
SPECIFIC STADIUM IN THE ENTIRE WORLD." RENOVATIONS INCLUDE ADDING 3,400 SEATS, SHADED SEATING PLUS
UPGRADES TO THE SUITES AND CLUB LEVEL SEATS. THE CONCOURSE WILL ALSO BE OVERHAULED CREATING MORE
CONCESSION AREAS AND RESTROOMS. PLUS A 6,000 SQ FT VIDEO BOARD AT THE NORTH END OF THE STADIUM WILL
WELCOME FANS. "I THINK WHAT WE'RE GOING TO BE ABLE TO DELIVER IS SECOND TO NONE. IT'LL BE A WORLD-CLASS
FACILITY. "THIS PUBLIC PRIVATE PARTNERSHIP BETWEEN THE CITY OF FRISCO, THE HUNT FAMILY ALONG WITH
THE FRISCO COMMUNITY DEVELOPMENT CORPORATION AND THE FRISCO INDEPENDENT SCHOOL DISTRICT
MADE THE STADIUM RENOVATION POSSIBLE. "THIS IS A MULTI-PURPOSE VENUE, SO IT'S USED YEAR ROUND. WE
HOST FOOTBALL GAMES, OUR STUDENT ATHLETES GET TO USE THE FACILITY, CONCERTS, JUST PROGRAMMING ALL
YEAR ROUND." "FROM A CDC PERSPECTIVE, WE'RE REALLY LOOKING FOR THAT WAY THAT WE CAN INVEST BACK INTO
THE COMMUNITY AND MAKE SURE THAT OUR RESIDENTS ARE BENEFITING FROM THE THINGS THAT WE DO AND THIS
IS REALLY A YOU KNOW A NO-BRAINER IT'S A WIN-WIN." THE RENOVATIONS WILL BE FUNDED THROUGH SALES TAX
REVENUE BONDS, A CONTRIBUTION FROM THE CDC TAXES COLLECTED THROUGH REINVESTMENT ON THE LAND AND
$65 MILLION FROM THE HUNT FAMILY. THE STADIUM WILL REMAIN OPEN DURING THE PROJECT, WHICH IS EXPECTED
TO BEGIN THE FIRST OF 2025 AND TAKE ABOUT 3 YEARS TO COMPLETE. THE RENOVATIONS ARE JUST THE BEGINNING
FOR THE HUNT FAMILY'S VISION. THE FRISCO ECONOMIC DEVELOPMENT CORPORATION APPROVED $25 MILLION IN
INCENTIVES FOR A MIXED USE PRIVATE DEVELOPMENT AROUND TOYOTA STADIUM. A HOTEL, RESIDENTIAL
TOWER AND OFFICE BUILDINGS ALONG WITH RETAIL AND RESTAURANTS ARE PLANNED. "IT ADDS JET FUEL
TO NOT ONLY THE CORRIDOR UP ALONG THE TOLLWAY BUT ALSO IS GOING TO PROVIDE A VITAL BRIDGE FOR
INCREASING THE LIVELIHOOD OF WHAT'S HAPPENING IN OUR DOWNTOWN DISTRICT." "THIS IS MAIN STREET FRISCO,
SO IT IS RIGHT AT THE HEART OF OUR CITY FROM THE INVESTMENTS WE'RE MAKING IN THE STADIUM AND REALLY
THE AREAS OUTSIDE THE STADIUM FLOWING INTO ROLLERTOWN AND THAT'S GOING TO BE THE GATEWAY INTO
THE HISTORIC RAIL DISTRICT." THE GOAL OF THIS PARTNERSHIP IS TO CONTINUE TO ENTERTAIN THE
COMMUNITY AND VISITORS FOR YEARS TO COME. "MY DAD WAS QUITE A VISIONARY AND HE HAD TOLD US BEFORE
HE PASSED AWAY THAT 'GUYS WE WERE EARLY BUT I PUT YOU IN THE RIGHT SPOT, FRISCO IS GOING TO BE THE
EPICENTER OF THE METROPLEX' AND HE PROVED THAT TO BE EXACTLY RIGHT." "THEY BELIEVED IN FRISCO BEFORE
FRISCO GROWTH REALLY STARTED AND NOW THEY'VE DOUBLED DOWN TO THEIR INVESTMENT TO FRISCO, TEXAS
WE'RE JUST SO PROUD TO HAVE THEM AS A PARTNER
* This transcript was compiled from uncorrected Closed Captioning.