Texas high school to build $62.8 million football stadium – CNBC

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An anti-bond group, Grassroots McKinney, opposed the $220 million bond, which also included band hall expansions at local middle schools in McKinney and a new auditorium at one of the high schools.

“We’re disappointed,” Mike Giles, a leader of Grassroots McKinney, told the Dallas Morning News. “But the people have spoken.”

While some have argued that the price tag of the stadium is excessive, the town is not the first in the area to petition the local school board to build a multimillion-dollar stadium.

For Texas, where Friday Night lights shine bright, even McKinney’s rivals think the school’s stadium is just too small.

“I think McKinney needs it,” Tim Carroll, director of public information for Allen Independent School District, told CNBC. His school sits less than 10 miles down the road, in Allen, Texas; it garnered international attention in 2012 when it opened an 18,000-seat, $60 million stadium.

Carroll, who has been with the Allen school district for more than 20 years, said that construction costs in a high-growth area like Dallas are high, resulting in big price tags for large stadium developments.

The McKinney stadium wouldn’t open until at least 2018.