FRISCO, Texas — Frisco City Council voted to approve the $182 million renovation project at FC Dallas ' Toyota Stadium on Tuesday night in a unanimous 6-0 vote. The main points of the project include upgrades to the 19-year-old stadium, which include upgraded club spaces, seating, and luxury suites; adding 3,400 seats to the north end of the stadium (20% increase in stadium seating capacity); new LED sports lighting system with major audio/visual upgrades; and perhaps most importantly to the general fan experience: A fabric canopy structure on the east, west, and majority of the north end. Also included in the project details is the vision for a mixed-use development similar to The Star in Frisco and Texas Live! This development would be utilized in the parking lots on the west side of the stadium, vacant land (owned by Hunt Sports Group), and a parking lot (owned by the city) at the northwest corner of Main Street and Frisco Street.
According to the documents submitted to the city council, here is how the $182 million would be paid out: 44% by TIRZ #1. (Tax Increment Reinvestment Zone #1) – $80,080,000 36% by Hunt Sports Group via bi-annual lease payments through December 31, 2057 – $65,520,000 (66 payments of $992,727) 20% to be paid by the FCDC (Frisco Community Development Corporation) – $36,400,000 Overruns to be paid by Hunt Sports Group Here is a full breakdown of what the project entails: Toyota Stadium Improvements Upgraded club spaces, seating, and luxury su.