Home Depot for Frisco?

Home Depot may be the development for Frisco’s 9.4-acre parcel.

Town manager Michael Penny recommended this past Tuesday afternoon that the Frisco council put the home improvement giant before local voters, who would decide whether Home Depot has a home in Frisco.

The town staff believes the development proposal from the big-box retailer had more to offer than competing developer, BigHorn Center Partners, when measured against the council’s objectives for the town-owned land, such as long-term economic sustainability, complementing local businesses and providing public benefits.

Home Depot projects its first year’s sales tax revenue to be in the neighborhood of $1.2 million, compared to BigHorn’s $416,000 to $918,000, depending on the final amount of retail space available.

Home Depot’s proposal answers more questions than BigHorn’s does, and not just from a financial perspective. BigHorn would include an Ace Solutions, but no other tenants in the multi-store proposal are known, another reason staff were attracted to Home Depot’s proposal.