Frisco moves forward in expanding uses of tax increment reinvestment zones

Frisco City Council on Nov. 16 approved a 585-acre expansion of TIRZ 1 to include golf courses associated with PGA Frisco. (Matt Payne/Community Impact Newspaper)
Frisco City Council on Nov. 16 approved a 585-acre expansion of TIRZ 1 to include golf courses associated with PGA Frisco. (Matt Payne/Community Impact Newspaper)

Frisco City Council on Nov. 16 approved a 585-acre expansion of TIRZ 1 to include golf courses associated with PGA Frisco. (Matt Payne/Community Impact Newspaper)

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A total of about 585 acres for three public golf courses associated with PGA Frisco have been added to TIRZ 1. (Courtesy city of Frisco)
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Frisco's seventh tax increment reinvestment zone is planed to encompass nearly 890 acres associated with the Fields development. (Courtesy city of Frisco)
Millions of dollars that will go toward public amenities and infrastructure in Frisco are on the way as the city works to expand uses of a financial tool.

Tax increment reinvestment zones, which are often called TIRZs, collect growth in property tax value of a certain area. Money generated within a TIRZ funds public improvements within the area without creating new taxes.

Frisco City Council on Nov. 16 approved a 585-acre expansion of TIRZ 1 to include golf courses associated with PGA Frisco. Three public golf courses and related facilities associated with the PGA cost $35 million, according to a presentation given by Deputy City Manager Ron Patterson.

The TIRZ expansion will fund more than $19.1 million of that cost, he said. A total of over $6.3 million from the TIRZ will also go toward the city’s conference center at Hyatt Regency Frisco-Dallas, which has a total cost of over $16.5 million. An $18 million parking structure at the Stonebriar Centre mall will also be fully funded by the expansion.

Council members also worked toward creating a new, seventh TIRZ to support infrastructure at the Fields development. Preliminary project and finance plans were approved, but City Council will vote on whether to adopt final plans in a meeting on Dec. 7.


TIRZ 7 is planned to encompass nearly 890 acres associated with the development. It will primarily encompass mixed-use, commercial areas within Fields, Patterson said. He added that public roadways, utilities and landscaping work will be bolstered by a new TIRZ.

Development is expected to occur over the next 20 to 30 years in Fields. Its base capture value is over $41 million, according to the city. At buildout, the value is expected to soar to around $10.7 billion.

“That’ll be a tremendous amount of value that we'll be able to use in TIRZ No. 7,” Patterson said.
By Matt Payne
Matt Payne reports on Frisco City Hall and its committees, Collin County Commissioners and McKinney business. His experience includes serving as online content editor at Fort Worth Magazine and city editor at the Killeen Daily Herald. He is a 2017 graduate of the Frank W. and Sue Mayborn School of Journalism at the University of North Texas in Denton.


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