McKinney | January 2023

FLY WITH TKI

TERMINAL TIMELINE McKinney National Airport has had commercial passenger service in its master plan since 2012.

look at this prospect very objectively, because we’re not desperate for cash ow,” Carley said. The proposed bond would initially be paid o through city taxes, with the potential to be renanced later on, McKinney Chief Financial Ocer Mark Holloway said. The city does not expect to raise the debt service portion of the city’s tax rate, which includes property taxes, if the bond passes, Holloway said. “We can issue the debt, if approved by the voters, to build the terminal without rst raising the tax rate, and secondly, without hindering our ability to further lower our tax rate over time,” Shelton said. Additionally, by drawing travelers from across Dallas-Fort Worth as well as portions of southern Oklahoma in the airport’s target area dened in the demand analysis, the airport would provide an “economic boost” both through jobs and money spent by vis- itors, Shelton said. Despite the city’s nancial capabil- ities, the concept of “o-ramps” was built into the plan to allow for council and sta to stop the project process if needed, city leaders said. Shelton noted the results of the analyses and airline interest could have led to an o- ramp had their outlooks not been so positive. The process could stall if the bond does not pass city council or voters, or if other factors emerge, such as economic instability. The city also anticipates having an environmen- tal impact study back later this year, and results will also inuence airport plans, Shelton said. Fuller said a number of things could deter the project even if a bond is passed by voters. If further analysis found that the airport would gridlock

DURANT

McKinney National Airport, known by its three-letter International Air Transport Association’s location identier code TKI, would target potential passengers north of Dallas. Travelers

DENISON

GAINESVILLE

SHERMAN

Updated airport master plan is approved and adopted with goals to add commercial passenger service. 2018

Closer to TKI

TKI

DENTON

MCKINNEY

380

GREENVILLE

DECATUR

The city of McKinney receives unsolicited interest from

2019

to the north and east of McKinney make up the airport’s primary target market because travelers in this area

Equal travel time to TKI, DFW or DAL

DFW

airlines about adding commercial passenger service at the airport.

FORT WORTH

WEATHERFORD

DALLAS

A citizen bond committee convenes to review the

DAL

SEPT. 2022

35E

Closer to DFW or DAL

35W

plans and potential bond package.

are at least 10 minutes closer to TKI than they are to Dallas Fort Worth

WAXAHACHIE

The McKinney City Council considers the bond package at its regular meeting. FEB. 7, 2023

International Airport (DFW) or Dallas Love Field Airport (DAL).

CORSICANA

SOURCE: CITY OF MCKINNEYCOMMUNITY IMPACT

The bond package could be on the

MAY 6, 2023

gates, which it has. DFW Airport is restricted by its runway space and the number of operations it can handle per hour, he said. “The ability to have a third airport increases the overall capacity and access to air transportation for peo- ple who live in the Collin and Denton county areas, and even north of there, frankly. Places farther outlying it would become basically their closest, most convenient air- port,” Shelswell-White said. Study estimates re ect that demand, predicting 533,000 passen- gers could depart from McKinney National Airport in the rst year of commercial passenger service. The study did not include estimates for arrivals. If the bond is not approved by city council or voters, the airport would remain a general aviation airport and continue its existing operations, Shelton said. The airport as it stands today generates about $3.5 million in annual ad valorem tax revenue for the

the city with trac or cause too much noise—all concerns brought up by the bond committee—he would no longer want the project to move for- ward, he said. “It’s important to acknowledge that although we’re taking steps forward towards our ability to add commercial service, none of these—even a bond election—means that we will add com- mercial service,” Fuller said. Supporting regional transportation If approved, the McKinney National Airport would be the third commercial passenger airport in the North Texas area, joining Dallas Fort Worth Inter- national Airport and Dallas Love Field Airport. Airlines operating in the area all expect to have a third airport join the two existing North Texas airports to service the region, City Manager Paul Grimes said. Edward Shelswell-White, the chief customer ocer of SkyEnergy, an avi- ation consulting rm, said Dallas Love Field Airport is federally limited to 20

ballot on election day.

All approvals from the Federal

LATE 2025

Aviation Administration and the Transportation Security Administration are in place.

The terminal could open.

SPRING 2026

The airport could break even and become self-sustaining, according to projections from WJ Advisors, a consulting rm hired by the city. 2048

city, Carley said. Loughmiller said the city is taking a proactive approach to the growth of McKinney by looking so closely at the project. “We do have interest now from air- lines. We do have the capacity and the land to build it; it’s just the next step in the evolution of McKinney,” he said.

For more information, visit communityimpact.com .

matters

Now more than ever, personalized advice matters Senior Financial Advisor 972.369.1945 or jeffrey_a_snyders@ml.com

380 We BUY and SELL Gold and Silver

Jeffrey A. Snyders, CFP®, CDFA®, CRPC® Senior Vice President Senior Financial Advisor 972.369.1945 or jeffrey_a_snyders@ml.com Jeffrey A Snyders, CFP®, CDFA®, CRPC® Senior Vice President Senior Financial Advisor Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070 Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070 Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070 972.369.1945, jeffrey_a_snyders@ml.com Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070 Jeffrey A. Snyders, CFP®, CDFA®, CRPC® Senior Vice President Senior Financial Advisor 972.369.1945 or jeffrey_a_snyders@ml.com Jeffrey A Snyders, CFP®, CDFA®, CRPC® Senior Vice President Senior Financial Advisor 972.369.1945, jeffrey_a_snyders@ml.com Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070

Jeffrey A. Snyders, CFP®, CDFA®, CRPC® Senior Vice President Senior Financial Advisor 972.369.1945 or jeffrey_a_snyders@ml.com

Coins, Silver Flatware, Estate Jewelry & More! Monday - Friday 10-6 Saturday 10 - 3

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Investment products: Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value The Bull Symbol and Merrill are registered trademarks of Bank of America Corporation. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. © 2022 Bank of America Corporation. All rights reserved. | MAP4264780 Vault-BA1DH8 | MLWM-242-AD | Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. © 2022 Bank of America Corporation. All rights reserved. | MAP4264780 Vault-BA1DH8 | MLWM-242-AD | Merrill Lynch Wealth Management 6950 TPC Drive Ste 200 McKinney, TX 75070

VIRGINIA PKWY.

LONGHORN GOLD & SILVER EXCHANGE

469-200-5750 500 N. CUSTER RD., #102, MCKINNEY

MCKINNEY EDITION • JANUARY 2023