As a local to the area (literally live 4 miles from the site), most of the local city, town, and community groups are upset by the news. Most of what Frisco and West Plano/Legacy area has been doing and businesses they've been attracting has been value add/property value add to the area. I'm not sure that a theme park up here is going to have the same affect. We've been the growing artery of the Dallas side of DFW (the Dallas North Tollway artery) but DNT and 380 already can't support the standard workday traffic and the ever increasing population here (our town of Prosper has grown from 24,000 to 36,000 people in just 4 years since we moved from Tampa). Putting a theme park between Prosper/Celina/McKinney and the rest of the metro is gonna be just as bad as I-4 between Lakeland and Orlando.
Secondly, we don't have the affordable housing. This areas median household income is like $160k and the average home value is $700k with a WHOLE BUNCH of homes in the $1-$5M range. Collin County is one of the richest counties in the state...I'm extremely worried about what this is going to do to our home values and quality of life.
Living in Tampa I would have been thrilled to hear of another Orlando area park being built. Living here, not so much, would have preferred to hear it being built in Arlington, Fort Worth, or even the Colony.