Texas- The Frisco Independent School District will be putting a $691 million bond before voters this November, with $43 million set aside for a new performing arts center. This bond election comes in the wake of a similar failed measure in 2015. If the city and the school district decide to partner on the project, up to $57 million would be offered as incentive for a developer to take on the performing arts center as a public-private partnership (P3).
The two entities are inspired by actions taken by the city of Lubbock that recently opened the Buddy Holly Performing Arts Center by way of a P3. The facility includes a 2,200-seat main theatre, a 425-seat studio and a multiuse room. Officials are convinced that the project does not need to be taken on using 100 percent of city funds, nor does the center need to be managed by the city. Two locations within Hall Park are being examined as possible sites.