The agreement, if approved, would provide economic development incentives for the development of a 290-room JW Marriott hotel with over 50,000-square feet of conference space. Other agenda items, including a budget amendment, rezoning requests and more, will also be considered when McKinney City Council meets at 6 p.m., June 3 at McKinney City Hall.
What you need to know
The hotel developer, listed as Craig Ranch Luxury Hotel SPE Owner LP in city documents, plans to develop the JW Marriott Resort McKinney Craig Ranch hotel on a roughly 8-acre parcel at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway.
The hotel will feature various amenities, according to city documents, including:
- 290 guest rooms
- At least 51,575-square-feet of hotel conference space, including multiple ballrooms with movable partitions, breakout spaces, boardrooms and more
- A resort style pool with a lazy river
- A fitness center
- A three-meal restaurant and a specialty restaurant
- A lounge with pool seating and food service
- Pickleball courts
Economic development incentives being offered include reimbursements of sales taxes, property taxes and hotel occupancy taxes, totaling between $13 million-$18 million, as well as other operation grants. The proposed agreement also outlines decreases to the incentives if the final project cost totals less than $324 million, city documents state.
The proposed agreement would require construction on the development to begin by Dec. 31, 2026 and be completed by April 30, 2029.
Also on the agenda
The council will also consider a rezoning request for the 785-acre Huntington Park development in northwest McKinney. The request, which was recommended by the McKinney Planning and Zoning Commission at an April 10 meeting but tabled by the council at a May 6 meeting, would allow for the mixed-use development by Dallas-based Billingsley Company.
The proposed project would include multifamily residential, single-family residential and commercial space and open space, which would be enabled by the rezoning request.
Other items on the regular meeting agenda include:
- Recognition of outgoing McKinney City Council members
- Presentation of the Tourism Friendly Texas Certification to Visit McKinney
- Consideration of a budget amendment to direct over $10.7 million in funds to the Cannon Beach project
- Requests related to funding and contracts for a project to rehabilitate the Chestnut Elevated Storage Tank
Two other meetings scheduled to take place between the work session and regular council meeting include:
- A meeting of the McKinney Urban Transit District board, which will include a service update and a resolution to extend the city’s agreement with Dallas Area Rapid Transit to provide public transportation services
- A meeting of the Tax Increment Reinvestment Zone No. 1 board, which will include a presentation on funding a rehabilitation project for the Chestnut Elevated Storage Tank near downtown McKinney.
All meetings of the McKinney City Council scheduled for June 3 will take place at McKinney City Hall, located at 401 E. Virginia St. The meetings 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.