The City of Plano Council meeting on September 16, 2025, focused on the potential sale of land for hotel, retail, and townhome development as part of the Oak Point plan. Peter Braster, the director of special projects, provided an overview of the history and current status of the Plano Event Center and the surrounding area.
Braster explained that the city previously issued a Request for Proposals (RFP) for a hotel but paused the process due to legislative work. The Oak Point plan, adopted in 2018, includes a mix of uses and has existing zoning in place. Public works have already improved the roadway network around the Plano Center, which is crucial for attracting larger conventions.
The discussion highlighted the need for a hotel to enhance the Plano Center's vibrancy. Braster mentioned that a market analysis suggested a hotel of approximately 300 rooms, along with retail space, would benefit the area. The council considered whether to sell the land outright or pursue a ground lease, with Braster noting that potential hotel developers prefer ownership due to financing challenges associated with ground leases.
Council members expressed support for selling the land, emphasizing that it could expedite the hotel development and improve quality. They also discussed the possibility of phased development, allowing for flexibility in the hotel’s design and room count. The council is keen on ensuring that any sale includes deed restrictions to maintain the intended use of the property.
In addition to the hotel, the council explored the sale of land for retail and single-family housing, particularly townhomes, which are in demand in the area. The overall sentiment was to pursue these opportunities to align with the Oak Point plan and enhance the community's offerings.
The meeting concluded with a consensus to move forward with exploring the sale of the land, with further discussions anticipated on the specifics of the proposals and potential impacts on the community.