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Garland Foundation approves 20-year lease for roughly 22,000 sq ft soccer training HQ
Summary
The Garland Foundation for Development voted unanimously Aug. 5 to authorize its executive director to execute a 20-year lease for an approximately 22,000-square-foot multipurpose building for a soccer training HQ and multi-field complex, with proposed annual rent of about $350,000 and an 18-month rent-relief request. The matter will be referred to the TIF 3 board for financing plan modifications.
The Garland Foundation for Development on Aug. 5 authorized the executive director to execute a lease for an approximately 22,000-square-foot multipurpose building planned at the southwest corner of Holford Road and President George Bush Turnpike.
A staff member gave the board the terms outlined in the previously approved term sheet: a proposed 20-year lease with rent of approximately $350,000 per year, a revenue-share provision of 10% of sponsorship revenue or $50,000 (whichever is greater), a 2.5% annual escalator beginning in year two, and a requested rent-relief period of about 18 months (deferred until month 19). “So far, we're looking at approximately 22,000 square foot building,” the staff member told the board, and said negotiations continue and the foundation would be the landlord while the team would be the tenant.
Board members proceeded to a motion. Director Bass moved to approve the authorization and Director Williams seconded; the chair announced the motion passed unanimously. The staff member told directors the next step is to bring the project to the TIF 3 board to modify the finance and project plan and to continue preparing the formal lease document.
The item was introduced as being consistent with a term sheet previously approved by the City of Garland on June 17, 2025 regarding a soccer training HQ and multi-field complex. The board did not record roll-call vote tallies in the transcript beyond the chair’s announcement that the motion passed unanimously. The foundation meeting adjourned at 10:38 p.m.
Next steps documented on the record include referral to the TIF 3 board and drafting the lease; the transcript records no public comment on the lease in this meeting.
