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Tax Increment Reinvestment Zone Number Two

TIRZ Board Fixes Minutes, Backs $8M Airport Infrastructure To Unlock Eastside Growth

McKinney’s TIRZ Number Two board focused on airport development, approving funding tied to future expansion at McKinney National Airport. Members corrected past meeting records, reviewed the purpose of the reinvestment zone created in 2010, and voted to support infrastructure needed to open the airport’s east side for future projects.

Board reminded why the TIRZ was created

City staff explained the reinvestment zone was established in 2010 to help grow the airport. The plan focused on business aviation, airport security and access improvements, and preparing the airport for possible passenger service in the future. Officials said the funding request fits those goals because infrastructure is required for airport development regardless of passenger service.

$8M request funds basic airport infrastructure

The city asked the board to approve $8 million from the TIRZ fund balance to build infrastructure on the east side of McKinney National Airport. The project includes water lines, sewer lines, fiber optics, underground utilities, roads, and parking needed to support aviation development. Staff said these upgrades are the first step that allows development to move to the east side of the runway.

Airport land on west side nearly full

Officials told the board the west side of the airport is quickly filling up. Projects like the Cirrus facility, the Encore Wire hangar, and other aviation developments are using much of the available property. Because of that, future airport growth will require shifting development to the east side.

TIRZ finances and revenue discussed

Staff said the TIRZ is expected to have about $12 million in its fund balance this fiscal year and currently generates roughly $3 million per year. While airport infrastructure itself is not taxable, future development tied to the airport could increase tax revenue in the reinvestment zone and surrounding areas.

Airport economic impact expected to grow

Officials said the airport currently generates about $330 million in economic impact annually. With future development, including projects enabled by this infrastructure, that number could rise to nearly $400 million per year across the region.

Board approves funding request

After discussion about long term airport growth and tax impact, the board voted to approve the $8 million infrastructure funding request. The motion passed in a 7 to 1 vote.

What Happens Next