McKinney City Council to consider economic development agreement for Sunset Amphitheater

McKinney City Council members will meet April 16 to consider a Chapter 380 economic development agreement for the Sunset Amphitheater project, according to city documents.

The gist

The Sunset Amphitheater, an open-air amphitheater with a 20,000-person capacity, was announced on March 12. The $220 million venue by Colorado-based music venue developer Notes Live will be located at the northeast corner of US 75 and SH 121.

The meeting agenda includes consideration of a Chapter 380, grant and development agreement between multiple parties, including:

• The city of McKinney
• McKinney Community Development Corp.
• McKinney Economic Development Corp.
• Notes Live

• $18 million for parking facilities paid to the owner
• A portion of sales taxes, ad valorem real property taxes and business personal property taxes reimbursed to the owner
• 90% the city’s $1 ticket fee collected annually paid to the owner for a period of 20 years

• An opportunity for citizen input on the fiscal year 2024-25 budget
• A rezoning request for the development of Luxury Elite Garages
• A request for a specific-use permit for the development of a Take 5 Oil location
• Consideration of an advanced funding agreement with the Texas Department of Transportation in relation to the Lower 5 Plaza project

City Council members will also hear an update on the Lower 5 Plaza project at a work session meeting at 3 p.m. April 16 prior to the regular meeting.

The Lower 5 Plaza project is expected to bring a park that spans across and underneath SH 5 between Louisiana Street and East Virginia Street. City officials shared an update on the project in December, which included insight on how the city is partnering with state and local agencies for the project.

The work session meeting agenda also includes consideration of amendments to the city’s electioneering ordinance and sign code, as well as consideration of funding for the East McKinney Learning Garden.

Get involved

Council will meet at 6 p.m. April 16 at 222 N. Tennessee St. in McKinney. The meeting will be livestreamed for those unable to attend in person.

For more information about McKinney City Council meetings, visit www.mckinneytexas.org/1168/council-meetings.