Kaleidoscope Park is on track to get a new 1,100-space parking garage.
Frisco City Council approved up to $38 million for the project at a Jan. 20 meeting.
The Frisco Economic Development Corp. will also contribute $7 million toward construction costs as long as the project, which includes the parking garage and a potential office development, is complete by June 2028, according to city documents.
City Council originally approved plans for the garage at a March 2025 meeting alongside a $14 million expansion of Kaleidoscope Park funded by the Frisco Community Development Corp. and the Hall Group, the developers behind Hall Park.
The expansion will add landscaping and new amenities, including:
Water featureStageOutdoor video screenThe project
The garage will replace an existing two-story parking garage, and 100 of the 1,100 new spaces will be reserved for Kaleidoscope Park visitors, according to documents from the March 2025 meeting.
The garage is designed to serve as the base for a planned office development. The office building, which would be at least 12 stories and house at least 100,000 square feet of office space, would sit on top of the parking garage.
The funding
The city of Frisco will pay for the project using tax revenue from the area around the garage, which is part of a special taxation zone created in 2020.
A tax increment reinvestment zone, or TIRZ, allows a municipality to use a portion of future increases in property tax revenue to fund public improvements within the zone.
The context
Kaleidoscope Park opened in October 2024 as part of Hall Park’s multibillion-dollar redevelopment.
City staff said the garage will help meet the demand for additional parking, which has grown since the park’s completion.
Other recent developments within the TIRZ include Hall Park Hotel and The Monarch, a 19-story apartment building.
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