Municue

McKinney Community Development Corporation · 8:00 AM · Council Chambers

MCDC advanced 35 substantive items this meeting, headlined by major hotel, mixed-use, and senior-housing financing actions alongside routine community, arts, and preservation grants. All 24 recorded motions passed unanimously across a nearly four-hour session (8:02 a.m. to 11:42 a.m.) with all 11 board members present.
48 items2 mattersMinutes ✓View official source →

Analysis incorporates data from the official meeting minutes, including vote outcomes, attendance, and public testimony.

Matters

Site-specific scope

Case File 26-0049

2 hearings since Jan 2026·Last: Feb 17, 2026·Notable

Case File 26-0073

2 hearings since Jan 2026·Last: Jan 22, 2026·Budget·Notable

City Council final vote

Analysis

Financial Highlights

MCDC acted on $34.3M in financial items this meeting, including $17.9M in direct spending and loan commitments and $16.5M in grant awards.[#39][#18][#19][#20][#21][#22][#23][#24][#25][#26][#27][#28][#29][#30][#31][#14][#35][#36][#37][#38][#32]

Contracts & Procurement

MCDC approved amendments to two multi-party agreements: a Fourth Amendment to the Chapter 380 Agreement and Development Agreement involving the City of McKinney, MEDC, MCDC, and VENU Holding Corporation, and a First Amendment to the 2025 project grant and loan agreement with Craig Ranch Luxury Hotel SPE Owner LP.[#32][#33]

Development & Land Use

MCDC approved a First Amendment adding a $10.25 million loan and $25 million grant to the JW Marriott Resort Hotel project, and a Fourth Amendment to the Chapter 380 development agreement with VENU Holding Corporation.[#35][#37][#32][#33]

Historic Preservation

MCDC approved two project grants for historic preservation work: $148,500 for restroom facility construction at Chestnut Square Heritage Village and $13,300 for building and archive preservation at the Collin County History Museum.[#36][#38]

Housing

The board held a public hearing and approved a $2.5 million infrastructure grant for McKinney Ranch Senior Living, a 109-unit independent senior living development where 72 units are reserved for low-income seniors at 60% AMI or below.[#35]

Community Impact

The board approved three project grants for community facilities, including a $13.6 million infrastructure grant for the Cotton Mill District redevelopment, a $148,500 grant for restroom facilities at Chestnut Square Heritage Village, and a $13,300 grant for preservation work at the Collin County History Museum.[#39][#36][#37][#38][#7]

Governance & Oversight

The board approved a Fourth Amendment to the Chapter 380 development agreement among the City of McKinney, McKinney Economic Development Corporation, McKinney Community Development Corporation, and VENU Holding Corporation, successor by name change to Notes Live, Inc. Routine governance business, including approval of prior meeting minutes and board/liaison reports, was also conducted.[#12][#15][#16][#33]

Insights by Role

Developer

HighHigh significance — major decision, large financial impact, or broad community effectThree major private developments received financing approvals that materially change their feasibility: the JW Marriott Resort Hotel at Craig Ranch gained a combined $35.25M in MCDC loan and grant funding, the Cotton Mill District redevelopment secured a $13.6M infrastructure grant, and McKinney Ranch Senior Living locked in a $2.5M grant for its 109-unit project.

Journalist

HighHigh significance — major decision, large financial impact, or broad community effectThe board recorded five conflict-of-interest recusals across three files this meeting (26-0054, 26-0058, 26-0066) — a notable concentration worth asking the board to explain — while also approving a Chapter 380 Agreement amendment naming VENU Holding Corporation as successor by name change to Notes Live, Inc.

Lobbyist

MediumMedium significance — notable action worth trackingMCDC's willingness to amend and expand incentive packages for anchor developments — the Chapter 380 Agreement amendment with VENU Holding Corporation (#33) and the Craig Ranch/JW Marriott financing amendment adding $35.25M in combined loan and grant funding (#32) — signals which project types and sponsors currently have the board's confidence.

Resident

MediumMedium significance — notable action worth trackingResidents near McKinney Ranch, LTD. will see a new 109-unit senior living community move forward after MCDC approved its $2.5M infrastructure grant at a public hearing, while parks users benefit from $7.46M in reappropriated funding directed to the Wilson Creek Trail and Towne Lake projects, and $148,500 for restroom facilities at Chestnut Square Heritage Village.

Charts & Data

35 items(13 procedural hidden)

The official vote outcome for each item
(e.g., Approved, Denied, Held)
The procedural action taken on the item
(e.g., Hearing Closed, Corrected, Referred)

AI-generated summaries. Click to expand for original text.

#3This meeting will be streamed live on through the City’s website. Members of the public who wish to watch this meeting may watch the live stream online at: https://mckinneytx.new.swagit.com/views/130

#7A 30th anniversary spotlight on MCDC's community partnership with McKinney Parks & Recreation.

No vote taken

#8PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)

#9If you wish to address the Board on a posted item on this agenda, please fill out a "Request to Speak" card and present it to the Clerk before the meeting. Pursuant to Section 551.007 of the Texas Gov

#11This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board or Commission member making such request prior to a mo

#12Approval of the minutes from the McKinney Community Development Corporation meeting held on December 18, 2025.

Unanimously approvedCase File 26-0049

#14Presentation of a financial report to the committee.

No vote taken

#15Routine board and liaison reports covering updates from city departments and partner organizations including Visit McKinney, the McKinney Economic Development Corporation, McKinney Main Street/MPAC, and McKinney Parks and Recreation.

No vote taken

#16The board president delivered a report to the group.

No vote taken

#18Consideration of a $13,000 Promotional and Community Event Grant application from The Heritage Guild of Collin County to fund advertising and promotion of 2026 events at Chestnut Square.

$13K

#19Consideration of a $7,500 Promotional and Community Event Grant application from ArtByMetta, LLC to fund advertising and promotion of the 2026 R&B Picnic Festival.

Unanimously approved: 6 to 0$8K

#20Consideration of a Promotional and Community Event Grant application from ManeGait Therapeutic Horsemanship for $12,500 to fund advertising, marketing, and promotion of the 2026 ManeGait LIVE Country Fair and Concert.

Unanimously approved: 7 to 0$13K

#21Consideration of a Promotional and Community Event Grant application from St. Peter's Episcopal Church for $15,000 to fund advertising, marketing, and promotion of the 2026 Empty Bowls Event.

Unanimously approved: 7 to 0$15K

#22Consideration of a Promotional and Community Event Grant application from Odysseus Chamber Orchestra (dba McKinney Philharmonic Orchestra) for $13,500 to fund advertising and marketing for the 2026-2027 concert season featuring at least seven performances.

Unanimously approved: 7 to 0$14K

#23Consideration of a Promotional and Community Event Grant application from Raining Grace, Inc. (dba Texas Homegrown Music) for $10,000 to fund advertising and marketing for the 2026 Homegrown Stage at Texas Music Revolution in Downtown McKinney.

Unanimously approved: 5 to 0$10K

#24Consideration of a Promotional and Community Event Grant application from the Collin County History Museum for $12,300 to fund advertising, marketing, and promotion of its 2026 events.

Unanimously approved: 7 to 0$12K

#25Consideration of a Promotional and Community Event Grant application from SBG Hospitality for $15,000 to fund advertising, marketing, and promotion of the 2026 Sip and Stroll Series.

Unanimously approved: 7 to 0$15K

#26The city is considering a Promotional and Community Event Grant application from McKinney Repertory Theatre for $1,030 to fund advertising, marketing, and promotion of its 2026 performances.

Unanimously approved: 7 to 0$1K

#27The Millhouse Foundation submitted a Promotional and Community Event Grant application requesting $15,000.00 to fund advertising, marketing, and promotion for the 2026 Millhouse Arts Festivals, Special Events, and Makers Market events at McKinney Cotton Mill.

Unanimously approved: 7 to 0$15K

#28Consideration of a Promotional and Community Event Grant application from Sostenuto Choral Community of North Texas for $5,300.00 to fund advertising, marketing, and promotion of the 2026 Sostenuto Spring Concert.

Unanimously approved: 7 to 0$5K

#29Consideration of a Promotional and Community Event Grant application from Marching Music Made in McKinney for $10,000.00 to fund advertising, marketing, and promotion of the 2026 Drum Corps International Competition at MISD Stadium and the Drumline Battle at TUPPS.

Unanimously approved: 7 to 0$10K

#30The city is considering a $14,000 Promotional and Community Event Grant application from McKinney Main Street to fund advertising, marketing, and promotion of the 2026 Arts in Bloom event.

Unanimously approved: 7 to 0$14K

#31Consideration of a Promotional and Community Event Grant application from 25 Revolutions, LLC for $15,000 to produce and market a promotional trailer for expanded distribution of the 'Texas Music Revolution 25' documentary filmed in McKinney.

Unanimously approved: 5 to 0$15K

#32Consideration of a First Amendment to Project Grant #17-04 for Craig Ranch Luxury Hotel SPE Owner LP, modifying an MCDC loan of $10,250,000 and MCDC grant of $25,000,000 for partial funding of a JW Marriott Resort Hotel construction project.

Unanimously approved: 7 to 0$10.3M

#33Consideration of a Fourth Amendment to the Chapter 380 Development Agreement among the City of McKinney, McKinney Economic Development Corporation, McKinney Community Development Corporation, and VENU Holding Corporation (successor to Notes Live, Inc.).

Unanimously approved: 7 to 0

#35A public hearing and vote on a $2.5 million project grant application from Palladium McKinney Ranch, LTD for infrastructure improvements supporting the construction of McKinney Ranch Senior Living, a 109-unit senior living development with 72 units for low-income seniors at 60% AMI or below.

$2.5M

#36Public hearing on a $148,500 4B grant application from Heritage Guild of Collin County to fund restroom facility site improvements at Chestnut Square Heritage Village, representing 85% of total project cost.

Carried unanimously$149K

#37A public hearing and vote on a $13,634,638.49 project grant application from Presidium Group, LLC for infrastructure improvements supporting The Cotton Mill District development at 610 Elm Street, representing 71.3% of the project's infrastructure cost.

$13.6M

#38Public hearing and consideration of a $13,300 project grant application from the Collin County History Museum for building and archive preservation work, including window tinting and interior repairs and painting.

Carried unanimously$13K

#39Public hearing on a request from the McKinney Parks and Recreation Department to reappropriate previously awarded funds of $3,809,419.25 to the Wilson Creek Trail project and $3,651,069.11 to the Towne Lake project.

#40PUBLIC COMMENTS Regarding Matters not on the Agenda

#43In accordance with the Texas Government Code: Section 551.087. Deliberation Regarding Economic Development Matters Project 20-09 TUPPS Brewery & Entertainment Destination Project Hemispheres Venu/Note

#46Posted in accordance with the Texas Government Code, Chapter 551, at least seventy-two (72) hours prior the start of the meeting, on or before the 16th of January, 2026, 5:00 p.m. ____________________

#47In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone

Public hearing on a request from the McKinney Parks and Recreation Department to reappropriate previously awarded funds of $3,809,419.25 to the Wilson Creek Trail project and $3,651,069.11 to the Towne Lake project.

Carried unanimously$3.8MCase File 26-0073

Municue is in beta

We're building the most comprehensive municipal intelligence platform. Your feedback shapes what we build next.

Explore more reports