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Frisco is a city in Collin and Denton Counties in the U.S. state of Texas and a very wealthy and fast growing suburb of Dallas. As of the 2000 census, the city population was 33,714, while according to 2007 estimate, the city's population is approximately 95,000. Frisco has been and continues to be one of the fastest growing cities in the United States. In the late 1990s, the North Dallas development tide hit the northern border of prosperous Plano and spilled into Frisco, sparking explosive growth into the 2000s. Like many of the cities located in the booming northern suburbs of Dallas, Frisco is a very upscale and affluent city that serves as a bedroom community for many professionals that work in the Dallas/Fort Worth Metroplex. A 2007 Forbes study named Frisco as the eighth-fastest growing suburb in the United States
Like many Dallas suburbs, Frisco is accumulating a tremendous number of retail properties, including Stonebriar Centre (opened August 2000), a 165-store regional mall, and IKEA (opened 2006), a furniture store with an area of 28,800 square meters (310,000 sq ft). Retail establishments and restaurant chains line Preston Road, which is one of the major north-south-running traffic arteries in the city.
Frisco took a different economic track than many surrounding cities and elected to use a fractional percent of local sales tax to fund the Frisco Economic Development Corporation (FEDC) rather than DART, the regional transportation body. The effectiveness of the FEDC, whose primary purpose is to reallocate such tax dollars to commercial ventures, is a matter of public debate.
Frisco also built Frisco Square, a mixed-use development that will become the new downtown. Frisco Square has about 250 rental residential units, 7 restaurants, about 40,000 square feet (3,700 mē) of commercial office space and a few personal service locations. The retail component has never really caught on and there are no retail locations in Frisco Square at this time. The major development in the project is the new City Hall and main library and a public commons.
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