The University of North Texas announced plans for a new campus in Frisco Tuesday.
The city purchased 390 acres of open land — about 150 of which will be used by UNT — at the southwest corner of Preston Road and Panther Creek Parkway in January for $61 million.
Details of the plan were released Tuesday afternoon following a vote from the boards of the Frisco Economic and Community Development Corporations, Frisco City Council and UNT leaders.
"I think we’ll look back on this as a momentous occasion, as a gamechanger for all of us," said UNT President Neal Smatresk.
Frisco Mayor Jeff Cheney called the project an economic development tool and a sales pitch to help recruit more businesses to Frisco while encouraging those already here to expand.
UNT's campus is one of two new college campuses breaking ground in Collin County in the next few years. Collin College is currently planning a Wylie campus along with new centers in Farmersville, Celina, Allen and McKinney.
“It gives the employers and the developers that confidence that this is the right place to develop and reorganize and move your company here to Frisco and Collin County, and they know they’re going to have an educated workforce to depend upon,” said County Commissioner Susan Fletcher.
UNT is set to begin construction on its new Frisco campus no later than March 2022.