A 173-acre development at the southeast corner of Legacy Drive and PGA Parkway would hand Frisco three neighborhood parks and a network of hike-and-bike trails under a development agreement on the City Council's consent agenda Tuesday, Oct. 20.
The project, known as The Link, was zoned by the council in June 2021. Its owners are a group of companies that includes Links Development LLC, PGA Legacy SE LLC and several entities carrying the SW Link name.
The agreement splits the land between two groups: about 88 acres slated for retail, commercial and residential uses and about 85 acres planned for office, retail and commercial buildings.
Three parks, deeded at no cost
Under the agreement, the developers would convey three tracts to the city free of charge: a park of at least 1.5 acres, a second of at least 2 acres and a third of at least 12.5 acres. Exact boundaries have not been set.
Each tract has to pass a Phase I environmental assessment with no cleanup recommended before Frisco accepts it, and the land must be handed over before the city approves a final plat for neighboring property.
The developers would also build trails and sidewalks on easements given to the city. They may build park improvements on the three tracts too, if the city agrees in writing.
How the city pays
Frisco would not write checks for the work. A memo from Assistant Director of Engineering Services Matthew DuBois says park fee credits and refunds are the city's only financial participation. The credits would be applied against park fees the development owes, capped at the lesser of the developers' actual costs plus the value of the dedicated land, or the total park fees due.
