We know how to execute a project like yours.
Public-Private Partnerships
The Frisco EDC and City of Frisco are committed to finding the perfect home in Frisco for USA Gymnastics.
Our Public-Private Partnership model applies to various avenues, including repurposing existing city-owned structures, to meet the exact needs of your organization.
Whether your next home is a brand-new building or an existing structure, we feel confident that our dynamic community partnerships and passion for sports will create the environment you need to foster the next generation of world champion gymnasts.
Example 1: FieldhouseUSA Frisco
Fieldhouse Sports Village USA, is an indoor multi-sport facility and is the anchor to a mixed-use development on 22.5 acres in Frisco, Texas, consisting of retail and restaurant uses. The retail and restaurants are geared towards the sports enthusiast. The 145,000 square-foot sports facility consists of 12 basketball/volleyball courts, including a championship center court, a turf field for football or soccer uses along with attached retail, and a food court with seating for 1,000 people.
Financing Structure & Ownership
Fieldhouse Sports Village USA donated 10.5 acres to the City of Frisco. The City of Frisco invested $12.5 million for construction cost of the building and facility. Fieldhouse Sports Village USA paid the City of Frisco rent of $80,000 per quarter through 2012, when their rent per quarter increased to $110,000. Present day, their rent is $260,150 per quarter and will continue through 2033. The City of Frisco owns the land and Fieldhouse Sports Village USA maintains the facility.
Agreement entered December 2007
FieldhouseUSA opened on April 14, 2009
Example 2: Toyota Stadium
Toyota Stadium is a soccer-specific stadium with a 20,500-seat capacity, built and owned by the city of Frisco, Texas. Toyota Stadium is also home to the professional soccer team FC Dallas and of the National Soccer Hall of Fame.
Agreement entered April 2, 2003, and amended Aug. 13, 2015 to permit construction of the National Soccer Hall of Fame (NSHOF)
Stadium opened August 2005, NSHOF opened 2018
Financing Structure & Ownership
$21 million investment by FC Dallas in partnership with US Soccer Federation
The project cost was funded by the city in the amount of $39 million in city-issued General Revenue Bonds
Frisco Economic Development Corporation (EDC) provided annual debt service for $3 million
Frisco ISD provided up to 50% football-related improvements
Frisco CDC provided annual debt service up to $5 million
FC LLC responsible for $1 million additional rental payment
Lease term: construction time period plus 20 years
Example 3: The Star District
The Star is the 91-acre campus of the Dallas Cowboys World Headquarters and practice facility in Frisco, Texas. Developed as a first-of-its-kind partnership between the City of Frisco and Frisco ISD, The Star gives fans the opportunity to connect with the Dallas Cowboys in ways they have never imagined.
The project was announced on August 13, 2013, and broke ground on August 22, 2014
Completed in 2016
Financial Structure
The City of Frisco created a Tax Increment Reinvestment Zone No. One (TIRZ#1) within a master-planned project with public buildings, public structures and surface parking and public infrastructure have been identified
City amended TIRZ#1 to include up and not to exceed $90,000,000 in TIRZ#1 Funds to pay for the stadium facilities through the reimbursement to the City of $90,000,000 in City debt issued for construction
Frisco ISD, the City of Frisco, Frisco EDC, and Frisco CDC provided the initial debt service for construction totaling $115 million
Ownership
The Ford Center (also known as the multi-use event center) and the parking garages are owned by the City of Frisco
The headquarters, mixed-use retail and office district are owned by Blue Star
Blue Star is responsible for paying costs associated with the maintenance and operation of stadium facilities
Example 4: PGA of America
The PGA Frisco project is a Public-Private Partnership that includes PGA of America, Omni Hotels & Resorts, the City of Frisco and the Frisco Independent School District. The project spans 660 acres of a larger 2,500-acre development being master planned by Hunt Realty Investments and includes two 18-hole, world-class courses, a 10-hole short course, 30-acre practice facility, 500-room Omni PGA Frisco Resort with a 127,000 sq. ft. convention center, as well as a unique golf themed retail experience, 40,000 sq. ft. clubhouse, 10,000 sq. ft. performance center and the PGA of America Headquarters and NTPGA Headquarters. The golf courses, tournaments, hotel and conference center are estimated to have an $2.5+ billion economic impact over the next 20 years.
Project announced in December 2018
PGA of America Headquarters opened spring 2022, OMNI PGA Frisco Resort opened in May 2023
Financial Structure
The agreement calls for the City of Frisco, Frisco Economic Development Corporation, Frisco Community Development Corporation and the Frisco Independent School District to contribute no more than $35 million toward development of the public facilities (City of Frisco, $13.3 million; Frisco Economic Development Corp. (FEDC), $2.5 million; Frisco Community Development Corp. (FCDC), $13.3 million; and FISD, $5.8 million)
The City of Frisco provided performance incentives, which include a portion of hotel occupancy, mixed beverage, sales and property taxes generated by the hotel and associated on-site retail for a 20-year-period. These performance incentives are estimated to total between $52 million and $74 million
Additionally, the State of Texas will contribute all the hotel and sales tax, along with a portion of mixed beverage tax collected on the project for 10 years. The state grant total, provided through Chapter 351 incentives, is valued at more than $62.5 million over 10 years.
The Frisco Economic Development Corporation is also investing $14.3 million over a 15-year period for the PGA of America’s headquarters relocation, job creation and PGA tournament incentives
Ownership
The PGA of America owns and operates the headquarters building and training facilities
Omni Stillwater Woods owns and operates the hotel, conference center, retail space, and parking facilities
The golf courses, clubhouse, practice areas and associated public facilities are city owned
Omni Stillwater Woods operated the golf courses, clubhouse, practice areas and associated public facilities
Frisco Independent School District high school golfers can practice at the facility on a weekly basis
Omni Stillwater Woods pays $100,000 per year in rent to the City for the land
That lease will increase two percent after the fifth year of the development agreement. Omni Stillwater Woods is responsible for all maintenance and capital expenses while retaining revenues