The fourth and final phase of the City of Frisco’s massive downtown revitalization project is set to kick off next month.

In February, work will begin on a 450-space parking garage, said the city’s director of engineering services, Jason Brodigan. The garage, located at Elm and Third Streets, is expected to be completed during the second quarter of 2026. The project is part of the city’s wider initiative to reinvigorate downtown Frisco, better known as the Rail District.

The Rail District revitalization will cost an estimated $76.3 million. The refresh is intended to help create public spaces and make the neighborhood more walkable.

CLICK HERE TO GET THE DALLAS EXPRESS APP

“Construction is underway to revitalize historic downtown Frisco. The Rail District Redevelopment is designed to improve walkability, create rail-themed public gathering places and provide a venue for live music and other performances,” reads a description on the City of Frisco’s website.

The downtown refresh aims to wrap up before the 2026 FIFA World Cup, an event forecast to draw huge crowds to North Texas. As previously reported by The Dallas Express, the massive global sporting event, held once every four years, will generate an estimated $2 billion in economic activity in the region.

The city has also been working to remove on-street parking and widening sidewalks on Main Street. Dallas-based Tiseo Paving Co. was hired as part of the $20 million phase, which kicked off last July and is expected to be wrapped by the fourth quarter of 2025, the Dallas Business Journal reported.

In September 2024, the city began another $20 million phase to build an outdoor gathering space. Millis Development & Construction was hired to construct the 4th Street Plaza, which is set to be completed by the second quarter of 2026.

The first phase of the Rail District refresh was finished in 2023. The $5.5 million initiative on Elm Street included the addition of on-street parking and streetlights, as well as upgrades to water and wastewater systems.

“The Rail District is where Frisco began, [and] it’s a vital asset for economic development because corporations like to be in communities where the community is taking care of its assets,” said John Lettelleir, Frisco’s director of development services, per DBJ.