Wow, a lot is happening with the Performing Arts Center initiative since my last post.
The bond election committee has recommended an amount of ten million be offered to the voters to approve or disapprove. If the voters decide to approve it, then it simply means that the City Council has been authorized to sell bonds when and if they are satisfied that a solid plan for such a project exists.
Such a plan will require private donations in the millions. From Who? How about from the private developers currently investing B B B Billions right now. Yes Billions with a B.
Ever since the Cowboys announced their intentions to build a new practice facility to the north of the Hall Office Park, a strong band wagon has formed and is continuing to gain momentum. Luxury hotels, office parks, housing, and restaurants are piling up in the adjacent properties. And not too far down the road, Toyota is breaking grown on their new US headquarters. FedEx will follow soon.
Why is this happening? What is the big draw? Simple. Quality of life. Frisco has it with a great promise of it getting even better. Many great sports venues are here already and more are coming. That growth is great, but it represents a very lop sided quality of life. Anyone can recognize that Frisco needs to be well-rounded.
Bringing these kinds of investors on board with a plan to add a cultural arts center to the mix doesn’t seem far fetched at all. Empowering the Frisco city Council to foster such a partnership makes sense. But there must be some assurance the city is truly a partner. Without it, who will invest their dollars? Ten million in potential bonds to be sold if and when such a plan emerges shows the kind of commitment needed to get such investors to commit their resources to the making of the plan.
Now is the time. Lets’ do this thing.