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Frisco council sets May 3 vote on $300–$340 million Frisco Center for the Arts; council approves ballot language
Summary
Frisco City Council voted 5–1 on Tuesday to place two ballot measures on the May 3 special election that would authorize use of economic-development sales-tax proceeds and allow the city to issue up to $160 million in bonds to help fund the proposed Frisco Center for the Arts, a two-venue performing-arts facility estimated to cost $300 million–$340 million.
Frisco City Council voted 5–1 on Tuesday to put two ballot measures before voters on May 3 that would authorize financing steps for the proposed Frisco Center for the Arts, a multi-venue performing arts facility the city and its partners have studied for several years.
The measures would (1) allow the Frisco Economic Development Corporation to use proceeds of its sales-and-use tax for the proposed Center for the Arts and (2) authorize the city to issue bonds in an amount not to exceed $160 million for a city-owned performing-arts facility. Council action on the ordinances calls a special election for May 3 to let qualified city voters decide whether to approve both items.
The vote follows a multihour presentation and discussion during which city consultants and project partners outlined the proposal: a Broadway-capable large hall of roughly 2,800 seats and a community hall of about 300–400 seats, a partnership agreement in development with Prosper Independent School District, and a capital plan that combines private philanthropy, school-district support and public…
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