A public-private project between Frisco and FC Dallas to renovate Toyota Stadium could be right around the corner.

What’s happening

Frisco City Council members will consider multiple items related to a Toyota Stadium renovation project and more during a Sept. 17 meeting. These include:
  • Item 42: Considering a fourth amendment to the stadium’s lease agreement setting the terms of the renovation reimbursement payments and project start and finish dates
  • Item 43: Considering a reimbursement and performance agreement for stadium improvements
  • Item 44: Considering a master development agreement that would initiate the development of Toyota Stadium as one piece of a mixed-use district
The three items are closely related, according to meeting documents. Altogether, they establish the financial, management, planning framework and partnership structure required to deliver the proposed improvements.

The details

Renovating Toyota Stadium will enhance guest experiences, according to a Sept. 16 FC Dallas news release.




Stadium renovations would include:
  • Upgraded club spaces and seating
  • New luxury suites
  • New broadcast booths and press box areas
  • New stadium technology and broadcast capabilities
  • New LED sports lighting and other audio and visual upgrades
  • New food service commissaries and kitchens
  • New public restrooms, concessions and retail outlets
  • New entrance gates at the stadium’s north, east and west sides
  • New canopy structures
  • Adding over 3,400 seats—a 20% increase to the stadium’s current capacity
Renovations are one piece of redevelopment headed for Toyota Stadium, according to meeting documents. The proposed improvements involved in creating a proposed mixed-use district would include adding:
  • 1.2 million square feet of Class A office space
  • A 200-room full-service, upscale hotel
  • A 200-unit multifamily high-rise building with 300,000 square feet of retail and restaurant space
  • 30,000 square feet of retail and restaurant space that may be freestanding or be situated within the ground floor of the hotel and/or multifamily high-rise building
  • Parking structures providing shared parking for event attendees and mixed-use district tenants, assuring stadium and mixed-use improvement compliance with all city parking requirements
  • Civic spaces and urban streetscape
Hunt Sports Group, the group overseeing FC Dallas, will work with the community to refine this vision and submit plans through the city’s zoning and development review process, according to a statement included in meeting documents.

The breakdown

In order to kick off the stadium and mixed-use improvements, officials with the Hunt Sports Group requested project financing and support from its city partners.

This is where the reimbursement and performance agreement comes in, according to meeting documents. The agreement would allocate the public facility debt service payment in the following ways:
  • 44% to be paid by Frisco’s Tax Increment Reinvestment Zone No. 1
  • 36% to be paid by Hunt Sports Group in the form of bi-annual lease payments paid through Dec. 31, 2057
  • 20% to be paid by the Frisco Community Development Corporation
Any stadium capital improvement costs in excess of $182 million would be the responsibility of Hunt Sports Group, according to meeting documents.




Hunt Sports Groups would also be under a strict time frame to receive other reimbursements from the city.

This includes receiving a $25 million grant and a material sales tax grant from the Frisco Economic Development Corporation if some features, including the hotel, multifamily units and retail are finished by 2035 and some office space and parking structures are finished by 2037.

Get involved

The meeting will be held at 6 p.m. Sept. 17 inside Council Chambers at the George A. Purefoy Municipal Center, located at 6101 Frisco Square Blvd., Frisco.