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TIRZ board backs $623,000 for utility infrastructure tied to Union Bear adaptive reuse
Summary
UB 33 McKinney LLC (Union Bear) requested $943,103.64 in TIRZ reimbursements for utility, fire suppression, remediation and critical maintenance; after discussion the board approved a $623,000 reimbursement to cover public utility infrastructure and related eligible costs, 6‑3 vote.
The City of McKinney Reinvestment Zone Number 1 board on Tuesday approved reimbursement funding to help cover extensive public utility work associated with the Union Bear adaptive reuse project at 308 West Virginia Street.
Staff presented the application from UB 33 McKinney LLC, describing the building as a circa‑1930 historic structure within the McKinney Town Center and the TIRZ boundary. The applicant’s packet listed total eligible expenditures of $943,103.64 covering utility infrastructure, fire suppression, environmental remediation and critical…
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