Government
BY COLBY FARR
McKinney hotels generate record $3.3M in tax revenue Visit McKinney o cials announced a record 6.7% increase in hotel occupancy tax, or HOT, revenue during scal year 2024-25. What happened? The FY 2024-25 total marks the fth year in a Figures are measured from more than 20 hotels and 300 short-term rentals operating in the city, according to the news release. Measuring the impact
COLLIN COUNTY COURTHOUSE
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APPROXIMATE LOCATION OF 7 ELEVEN
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SOURCE: CITY OF MCKINNEY COMMUNITY IMPACT
Council approves 7 Eleven permit
Hotel occupancy taxes are collected from hotels and short-term rentals, and that money is used to promote McKinney as a tourist destination through things like marketing campaigns and visitor amenities, including promoting events like the CJ Cup Byron Nelson golf tournament.
row that HOT revenues have increased. McKinney hotels generated more than $3.3 million in revenue during the year, according to a Dec. 1 news release from Visit McKinney. Average occupancy rate was reported at 71.2%.
Plans are underway to open a new 7-Eleven convenience store across the street from the Collin County Courthouse. The gist McKinney City Council members voted to approve a speci c use permit for the new store and gas station at a Nov. 18 meeting. A conceptual site plan shows plans for a 4,816-square-foot convenience store and eight fuel dispensers on the site.
Hotel occupancy tax revenues in McKinney Hotel occupancy tax revenues have increased in each of the last ve scal years.
+135.7%
$3.3M
$3.1M
$2.9M
$2.4M
$1.7M
$1.4M
SOURCE: VISIT MCKINNEY COMMUNITY IMPACT
FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22
FY 2020-21
FY 2019-20
McKinney sta pitch small area plan for parts of SH 5
The small area plan could lead to a speci c development code along parts of SH 5
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McKinney o cials want to develop an area plan for redevelopment e orts along parts of SH 5. The plan would include a “community-driven vision” for redevelopment while identifying challenges and opportunities, according to a sta presentation. Ultimately, it could guide creation of a speci c development code for development along the corridor.
In a nutshell The plan could include multiple components including a market assessment, community engagement with stakeholders and an implemen- tation plan, according to a Nov. 18 sta presenta- tion. McKinney Planning Manager Hayley Angel said the small area plan would likely examine the corridor north and south of downtown.
McKinney Town Center district Potential study area
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INDUSTRIAL BLVD.
WILSON CREEK PKWY.
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SOURCE: CITY OF MCKINNEY COMMUNITY IMPACT
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