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City officials are taking another step in potential construction of a parking garage in downtown McKinney.
What’s happening?
McKinney City Council members approved up to $411,500 for a contract with Fishbeck during a March 3 meeting. Under terms of the contract, Fishbeck will provide schematic designs for a parking garage at the corner of Hunt and Kentucky streets in downtown McKinney.
The proposed parking garage is part of an effort to redevelop several city-owned properties in the area. It could accommodate between 330 and 630 parking spaces on up to six levels of parking, according to Fishbeck’s proposal.
Funding for the contract will come from the Tax Increment Reinvestment Zone No. 1 budget and was approved by council members in the same meeting. Most discussion around the project and funding occurred during a TIRZ 1 board meeting held the same day.
The details
The budget amendment and contract approved in March were focused on schematic designs for the project. During the TIRZ 1 board meeting, McKinney Facilities Construction Manager Patricia Jackson said the designs are expected to finish in a few months.
Officials intend to bring back at least three options for consideration, and each option will have an associated cost, Jackson said.
“This is not committing the entire budget for the construction at this point in time,” she said. “This is only for the schematic design to give you the options.”
Fishbeck was selected after the city opened a request for qualifications regarding the project. The firm’s proposal plans for a parking garage and relocation of Central Park across Kentucky Street.
In case you missed it
The city owns several properties in downtown McKinney including the former City Hall and Development Services building. Both buildings are slated for demolition in 2026.
City officials are exploring a potential partnership with the McKinney Economic Development Corp. to redevelop the former City Hall site for office uses. In January, MEDC President and CEO Michael Kowski said they were “working behind the scenes” on plans for the property.
Redevelopment of the remaining city properties are suspended indefinitely, according to the city’s website. More information about the city-owned property in downtown McKinney can be found on the city’s website.
