Fort Worth could get $150M stadium modeled after The Star in Frisco but would need a pro soccer team
Fort Worth City Council member Cary Moon has a goal. He wants to make Tarrant County a football destination.
“As parents, many of my friends travel to Frisco outside of Fort Worth for soccer tournaments,” said Moon, who has represented District 4 since 2015.
As a result, the councilor is leading a plan to build an 8,000-seat stadium worth $ 150 million in northern Fort Worth. On Monday he presented his idea to the Keller ISD school board.
“Nothing was approved by Keller ISD on Monday, but we look forward to keeping in touch with Councilman Moon and learning more about the progress of the project,” said Keller ISD Superintendent Dr. Rick Westfall in an email.
The mixed-use development proposed by Moon, currently dubbed the “FW Star,” would require not only city approval, but school district approval as well. Moon, a KISD parent, said Keller’s fields were out of date and the project was in dire need of upgrading the district’s facilities.
The project would be funded through the creation of a 25-year Tax Increment Financing (TIF) district, an instrument that would use the increased property tax revenues generated by the development to cover its costs.
It would be modeled after the star in Frisco. And just like the Dallas Cowboys partnered with this venue, Moon said the Fort Worth project would depend on a private partner signing a professional soccer team.
In addition to the stadium, the complex would include 16 fields, exercise facilities, and a performing arts theater modeled after Austin ISD’s Austin Performing Arts Theater.
Retail would also be a component on the nearly 300-acre site, which Moon says will help build the development’s tax base.
“We want to be careful,” he said. “We don’t want to build the stadium first.”
As for the grumbling about the infamous traffic in the I-35 corridor, Moon isn’t concerned.
“We need to build roads faster and better,” he said, adding that the area has a large and growing population.
“The area east of I-35 and north of 820 within Fort Worth is more populous than the city of Waco,” he said.