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Council approves agreement that could see Plano ISD contribute $250M to Stars arena

An agreement between Plano and Plano ISD could see the school district contribute up to $250 million toward the tax increment reinvestment zone, or TIRZ, for the proposed Dallas Stars arena. 

Plano council members approved an interlocal agreement with PISD during the Oct. 12 meeting.

Breaking it down: In June, Plano officials created a nearly 900-acre TIRZ, which is a mechanism to fund improvement projects within a defined area through tax revenue growth. PISD’s contribution to the TIRZ under the agreement is capped at $250 million, with the school district contributing 50% of maintenance and operations collections each year.

The agreement does not change the boundaries of the TIRZ or the city’s planned $700 million contribution toward the arena.

Some context: PISD trustees approved participation in the TIRZ in June, citing potential revenue benefits that could be reinvested into the district.

 
On The Business Beat
Selerix relocates headquarters to larger space in Plano

A company that provides a platform to manage benefits administration and employee engagement, Selerix, has moved its headquarters from McKinney to the Legacy business park in Plano.

What happened: Selerix moved into the 28,400-square-foot penthouse in One Legacy Circle in October. The company, which was founded in 2002, had been headquartered in McKinney for 18 years, per a news release.

What they're saying: "McKinney has been an important part of Selerix's story, and we're proud of everything we built there," said Tim Pratte, chief executive officer of Selerix, in a news release. "This move reflects how far we've come and where we're headed. We've expanded our capabilities, welcomed new teams to the organization and continued to grow alongside our clients.”

  • 7500 Dallas Parkway, Ste. 800, Plano

 
What's Next Wednesday
Plano apartments, Allen hospital updates: Check out 5 of the latest construction projects around DFW

A new apartment building is planned for construction near Plano’s Preston Road, while Texas Health Presbyterian Hospital Allen plans updates on its third floor. Check out some of the latest construction filings with the Texas Department of Licensing and Regulation.

  1. Pearl Towne Crossing in Plano

A new apartment building with a leasing office and parking garage is planned near the intersection of Park Boulevard and Preston Road in Plano, per a TDLR filing. The 506,000-square-foot facility is estimated to be completed in 2029.

  • Location: 4701 W. Park Blvd., Plano

  • Estimated timeline: Jan. 11, 2027-April 27, 2029

  • Estimated cost: $68.2 million

  1. Texas Health Presbyterian Hospital Allen

Texas Health Presbyterian Hospital Allen will add a new patient care unit with 25 patient rooms and supporting spaces on its third floor, per a TDLR filing.

  • Location: 1105 N. Central Expressway, Allen

  • Estimated timeline: Jan. 5, 2027-Sept. 5, 2027

  • Estimated cost: $10.2 million

 
Election News
What to know: Early voting begins Oct. 19 in Texas midterm election

Texans interested in casting their midterm election ballots before Election Day can do so from Oct. 19-30, the state's early voting period.

The overview: Registered voters can visit any polling place in their county during early voting. They will receive a ballot with federal, state and local races—from the U.S. Senate and Texas governor to city and school district officials.

Dates to know

  • Oct. 19: Early in-person voting begins

  • Oct. 23: Deadline to apply to vote by mail

  • Oct. 30: Early in-person voting ends

  • Nov. 3: Election Day

Something to note: Local election officials are also working through a backlog of voter registrations after the Texas Department of Public Safety failed to send some registration records to counties, according to previous reporting. Texans who registered before the Oct. 5 deadline but do not appear on the rolls can still cast a provisional ballot, per the secretary of state.

More details: To check out candidate Q&As and review all races on local ballots, visit communityimpact.com/voter-guide.

 

Your local team

Connor Pittman
Editor

George Rodriguez
General Manager

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