Some Frisco residents are concerned about the possible negative impact of the new theme park

Wednesday’s big announcement from the city of Frisco left some residents uneasy about any potential negative impact on the community from increased housing market traffic and even short-term rentals.

More is said to be happening in Texas, but when it comes to the 97 acres of the proposed future home of the kid-friendly Universal Studio theme park and resort, Mark Roberts, real estate expert and director of research at SMU Cox Folsom Institute, says anxious residents should be mindful of their concerns, saying that it would not be the size of the Orlando mega ride.

“It’s about the size of a golf course, so when you look at the PGA golf course that’s being developed there, you’ll see that it’s a little smaller in terms of the land it’s going to use,” Roberts said.

Time-lapse footage in Google Earth shows the city’s explosive growth in just the last 40 years, and it’s not over yet.

From traffic to visitors, to growing residents and development, Frisco will continue to thrive, whether it’s a theme park or not, Roberts said.

“Look, we’ve had employers who have left with a lot more employees who have left with them, and it looks like it’s going to be nice for the community,” Roberts said.

There are concerns about short-term leases.

The city estimates that the number of active STRs fluctuates, around 200.

The Texas Neighborhood Coalition, which opposes STR, is already calling for stricter rules to avoid a neighborhood nightmare amid this week’s announcement.

“It appears to be one to two day visitors, so I’m not sure that this amount of visitors will raise consumer concerns about the impact of short-term rentals,” Roberts said.

The city’s current regulations require permits, a $300 fee, and noise restrictions.

“This August, we will provide the city council with an update on the effectiveness of this ordinance,” said Frisco Director of Development Services John Lettellaire.

He says that Universal approached us a few months ago to explore this possibility and was also looking at other cities.

“We see that this fits perfectly into the concept of a city focused on children,” said Lettelier.

The theme park will have a height restriction. It will also be protected from the road as much as possible. The city is also working with Universal on a plan to build a buffer around Cobb Hill.

The plan will be presented to the city council in the coming month.

The theme park complements the city’s goal of finding something for everyone.

“It complements everything we have done in the last 20 to 30 years,” Letelier said.

Universal Parks & Resorts is owned by NBCUniversal, which also owns the station.

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