McKinney examines east side parking, projects

Officials will consider using tax increment reinvestment zone funding to provide parking on the east side of McKinney. (Courtesy Fotolia)
Officials will consider using tax increment reinvestment zone funding to provide parking on the east side of McKinney. (Courtesy Fotolia)

Officials will consider using tax increment reinvestment zone funding to provide parking on the east side of McKinney. (Courtesy Fotolia)

The redevelopment of east McKinney was the topic of discussion during a reinvestment zone presentation Sept. 22.

The city is in the process of analyzing the parking for the east side and how it can best meet the expected redevelopment in the area.

McKinney’s historic downtown area on the west side of Hwy. 5 contains more than 2,000 parking spaces in public lots, public garages and on the street. On the east side of Hwy. 5, there are only 53 public lot parking spaces and “very few on-street spaces,” according to the presentation.

Below is a map of a number of proposed transportation projects that would improve parking and pedestrian access to the east side of Hwy. 5. The area in blue marked “Parking” relates to a property the city is working to purchase along Dungan Street to construct a public parking lot.

During the presentation, city staff looked for support for the use of tax increment reinvestment zone funds to pay for the project, including the potential relocation of the current tenants of the site. A TIRZ captures any growth in property tax value in a certain area of a city and puts the revenue generated from that value into a separate fund, which the city can use for projects within that area.


No official action was taken during the presentation. The proposed items will be brought back to the TIRZ 1 board for approval when the cost of each item is known.
By Miranda Jaimes

Editor, Frisco & McKinney

Miranda joined Community Impact Newspaper as an editor in August 2017 with the Grapevine/Colleyville/Southlake edition. In 2019 she transitioned to editor for the McKinney edition. She began covering Frisco as well in 2020. Miranda covers local government, transportation, business and nonprofits in these communities. Prior to CI, Miranda served as managing editor for The Prosper Press, The Anna-Melissa Tribune and The Van Alstyne Leader, and before that reported and did design for The Herald Democrat, a daily newspaper in Grayson County. She graduated with a degree in journalism from Oklahoma Christian University in 2014.