From Dallas Express · Dallas Express · · 50s
Frisco Hotel Deal Approved
Frisco city council approves $5m hotel tax rebate deal for Toyota Stadium expansion.
In brief
Frisco city council approves $5m hotel tax rebate deal for Toyota Stadium expansion. Frisco approved a $5 million hotel occupancy tax rebate over 10 years for a 250-room hotel and retail space next to Toyota Stadium. Originally reported by Dallas Express.
Frisco Council Approval
Frisco City Council approved a $5 million hotel occupancy tax rebate deal for Toyota Stadium expansion.
Project Details
The plan includes a 250-room hotel, 15,000 sq ft convention center, 30,000 sq ft retail space and parking garage.
Tax Rebates and Waivers
Frisco will pass 50% of hotel occupancy taxes collected, capped at $5 million over 10 years.
State Grants Pursued
City will work with Hunt Sports Development to pursue state grant incentives for the mixed-use project.
The takeaway
Frisco approved a $5 million hotel occupancy tax rebate over 10 years for a 250-room hotel and retail space next to Toyota Stadium.
