Local · Trusted · Free
The Morning Impact — your neighborhood's most important stories, delivered every morning.
Plans for a new 7-acre park in Prosper are moving forward.
Prosper Town Council approved a modified agreement at a March 24 meeting after initially rejecting plans at a previous meeting.
The history
The park will be built in Creekside, a planned single-family residential development located at the southeast corner of the Legacy Drive and Frontier Parkway intersection.
Council members initially rejected the agreement due to concerns about spending money on a park that would only benefit a small number of Prosper residents.
How it works
In Prosper, developers pay park improvement fees for each residential unit they build, and the fees can be used to fund parks, trails and related amenities.
Council approved raising those fees from $1,500 to $2,250 per single-family unit earlier this year. Because the Creekside project was already in progress, it qualified under the town’s previous fee structure of $1,500 per home.
What it means
The Creekside development will include 221 homes, generating about $331,500 in park improvement fees to support the project.
The developer, Shaddock-Creekside Prosper LLC, agreed to pay the remaining cost of the park improvements beyond what is covered by the fee credits. Total project costs are estimated at around $710,000.
In addition, the town will reimburse the developer about $45,000 for trail widening costs through credits. The credits will go toward building a 10-foot-wide trail along the east side of Legacy Drive, as outlined in the town’s hike and bike master plan.
The developer also removed a previous request related to naming the park, according to town documents.
Once construction is complete, the town will take over maintenance and operations of the park.
Zooming out
Along with concerns about the layout of town parks, Town Council also rejected the previous plan partially due to the failure of Prosper’s $24 million parks and recreation bond proposition last November.
“We have to think differently on how we spend our park funds today because we don’t have the money because the bond didn’t pass,” council member Cameron Reeves said in January.
Mayor David Bristol said after the election the failure of the proposition would pause all major recreational improvements for the near future.
Next steps
Construction on the park is estimated to be complete this fall, according to town documents.
