McKinney | May 2023

CITY & SCHOOLS

News from McKinney, McKinney ISD & Collin College

McKinney City Council considering third library location, additional future projects BY SHELBIE HAMILTON

MCKINNEY’S ECONOMIC GROWTH AND DEVELOPMENT

City officials discussed the growth that has happened in the city during a council meeting.

• Other projects mentioned at the meeting include a new senior center and funding the utility reloca- tions needed for the US 380 bypass and the Spur 399 projects. Also on the agenda • Former Council Member Rainey Rogers recom- mended monthly reports from both the Eco- nomic Development Corp. and the Community Development Corp. to City Council members to promote collaboration. • McKinney Community Development Corp. President Cindy Schneible noted that supporting affordable housing and parks development are continued goals of the organization. The orga- nization committed $5.5 million to park devel- opment over a 10-year period that would end in fiscal year 2025, she said. The McKinney • Community Development Corp. board also considered $3.3 million in grant requests for affordable housing at its April 27 meeting and is expected to return decisions on those requests at its next meeting in May.

MCKINNEY City leaders considered projects including a third library location at an April 25 meeting. The joint meeting of McKinney City Council, McKinney Community Development Corp. and McKinney Economic Development Corp. held April 25 included previews of projects in the city’s Capital Improvement Program for the next five fiscal years. Planned and proposed projects • City staff is considering a storefront-style third public library location, according to the presenta- tion. The storefront would be more adult-focused and offer services for those who work from home, according to the presentation. This format could be short-term based on future development in north McKinney, including Painted Tree and the proposed Honey Creek Municipal Management District, Assistant City Manager Kim Flom said. • Previous plans for an expansion of the Apex Centre were paused due to market instability but are now being reconsidered, Director of Parks and Recreation Michael Kowski said.

Project investments facilitated by McKinney Economic Development Corp. 2018-2023

$749.4M

The total McKinney Community Development Corp. has issued in project grants 1996-2022

$206.9M

Less than 50% of the $350 million bond approved by voters in 2019 has been issued

$165M

The total cost of major projects currently deemed unfunded by the city 2023-2027

$498M

SOURCE: CITY OF MCKINNEY/COMMUNITY IMPACT

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