The funds awarded in February by the McKinney Community Development Corporation, or MCDC, as part of the organization’s project subsidy program, will support initiatives to preserve local history and build new developments in McKinney.
The MCDC board of directors has approved nearly $ 7 million in funding contributions to a number of projects across the city A meeting of February 27With the largest sum awarded to dedicate $ 4 million to infrastructure work for the development of the Cannon Beach surf park.
Specifications
THE Project grant program allows the organization to contribute to the financing of initiatives that will support quality of life in the community, The MCDC website indicates.
Eligible projects include parks and improvements in open spaces; Sports, entertainment, leisure and community facilities; projects related to the creation and retention of jobs; Low -income housing projects; Infrastructure improvements for new and expanding commercial companies; and the construction of airport and mass transit installations.
The Board of Directors has awarded subsidies After hearing the presentations of each applicant concerning the project and its potential impact on the community during a meeting of January 23. Rewarded project grants include:
- $ 4,000,000 for Cannon Development Company Texas, LLC For infrastructure improvements to the Future Cannon Beach Surf Park Project site
- $ 1,500,000 for Guest clubs For infrastructure and site improvements, including stabilization of erosion, at TPC Craig Ranch
- $ 970,000 for Hugs Cafe For infrastructure costs linked to the development of a new headquarters of the Hugs Cafe at 803 Green Street, McKinney
- $ 411,455 for Habitat for Humanity Collin County For the construction costs of 10 houses in row to the development of Cotton Groves of the organization
- $ 31,475 at County History Museum of Collin To cover the cost of purchasing equipment and equipment for preserving and presenting historic artifacts
- $ 25,481 to Square patronal village For site improvements and foundation work to stabilize the Dulaney Cottage, a historic house in the village
- $ 20,000 at MCKINNEY PARKS FOUNDATION For an all-terrain vehicle and an attractable trailer to use for trails improvement projects
Zoom
The Cannon Beach Project, a $ 200 million project for mixed use This will include a complex style hotel of 150 keys and a 3 -acre surf lagoon, has received a $ 4 million project grant that will finance infrastructure work on the site.
Surf lagoon varies from three to 10.5 feet deep and will have a variety of waves, said developer Cole Cannon. The other characteristics of water in development include a 17 -foot -deep cliff diving pool and a continuous wave pool. The beach adjacent to the wave will be open to the public and will offer a range of activities and access to amenities, with admission costs associated with access to the beach and surfing, he said.
“We are above all a beach that also has surfing. This is where it becomes a place where grandmother and grandchildren and parents can all enjoy the place without the feat of these annoying rays and sharks, “said Cannon.
The project, which is planned for a 35 -acres site on SH 121 and Stacy Road, will also include 105,000 square feet of flexible space with planned entertainment uses such as a cinema, a bowling alley and a piece of kart on several levels, according to a presentation in Reunion. Development will also include 35,000 square feet of retail space, restaurants and more.
“It is not only a beach club, it will be a real destination that will bring many people to McKinney,” said the member of the MCDC board of directors David Riche, at the meeting of February 27.
Dive into depths
The $ 1.5 million granted to guest clubs will be used to stabilize erosion in a stream in the TPC Craig Ranch golf course in McKinney.
The club and the golf course were built in 2004 by David Craig and acquired by clubs invited in 2019. The organization launched a renovation project of $ 12 million over three years in the installation in 2024, which will bring various modern upgrades to the club and will also include the reproach of the golf course.
The course has organized a certain number of professional golf events and is currently the host of the byron Nelson Cup byron Nelson golf tournament, who, who, who, who, who, who Impact McKinney during stays at the hotelJobs created and direct and indirect expenses, depending on the presentation. The event has taken place since 2021 and city officials are seeks to keep the event For another eight years.
The stream erosion repair project will allow the byron Nelson event to stay in the course, said Frank Merkel, vice-president of operations for guest clubs. The work on the project began in January and should be completed at the end of April.
“If it is not for Byron (Nelson), it is a private club which is managed by a private company and should have private investments, and the reason why it is logical for us to invest it is because the Byron provides as many auxiliary services to the city,” said the member of the board of directors of MCDC, David Kelly, A meeting of January 23.
The members of the MCDC board of directors approved the funding of subsidies for the project with the stipulation that the subsidy depends on the event of the organizers to an agreement which would keep the golf tournament in McKinney until 2033.
Another thing
The Board of Directors also examined a request for a contribution of $ 30 million in subsidies to the expansion of the sales passenger service terminal at McKinney National Airport.
A presentation at the January meeting detailed the financing request, which includes the MCDC which potentially offers $ 30 million in interim financing which would be reimbursed through federal loans on transport infrastructure. The request should be considered for the action at a joint meeting with the McKinney municipal council and the McKinney Economic Development Corporation Board on March 18.