McKinney’s lack of retail and dining options is causing the city to lose out on a substantial amount of sales tax revenue each year, according to a study by The Retail Coach, a company hired by the city to help bring in more retail and dining options.
In 2014, the city of McKinney brought in $258 million in restaurant sales out of a potential $619 million the city could have brought in based on its retail trade area, or the area from which shoppers will travel to a specific shopping destination
That means 58 percent of the city’s potential restaurant sales and its accompanying sales tax revenue went to surrounding cities, including Plano, Frisco and Allen.
The lack of retail and restaurants is also causing the city to lose out on another segment of growth and development—the opportunity to draw major corporations, Mayor Pro Tem Randy Pogue said.













