TEXAS, USA — A major "mixed-experience community" coming to Frisco in the next few years stands to receive some help from City Council, which on Tuesday agreed to provide up to $113.4 million in initial development incentives.
The Mix is expected to redefine the former Wade Park project site. Officials say the full, 112-acre project will include two hotels, hundreds of homes, shops and 2 million square feet of office space—all of which will surround a nine-acre central park to give the urban development an adventurous feel.
The City Council-approved money is contingent upon completion of several major components, including a medical office, grocery store and 2,250-space underground parking garage. According to City Council documents, the money is "primarily funded" by tax revenue generated at The Mix and won't affect existing property tax rates.
"I've often said the final story of what was once called Wade Park will be a positive one," Frisco Mayor Jeff Cheney is quoted as saying in a release. "Now rebranded as The Mix, tonight marks the next chapter in this development story."
The project is expected to cost $3 billion in all. Officials have said they hope to have it completed sometime in 2026, while promising major job creation.
A previous $2 billion Wade Park project was jeopardized due to a bankruptcy case centered on allegations of fraud.
