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Developer to ask McKinney CDC for $4 million infrastructure grant for Cannon Beach mixed‑use project
Summary
MEDC staff updated the board on Cannon Beach, a proposed mixed‑use surf‑themed development; the developer will ask the McKinney Community Development Corporation for a $4 million infrastructure grant at the CDC meeting this Thursday.
MEDC staff gave a progress update on Cannon Beach, a proposed mixed‑use development centered on a water feature and amphitheater that staff said would include a resort hotel, offices, restaurants and public amenities.
The presentation said phase one covers about 34.5 acres and that an optional phase two could add roughly 23.5 acres to the east. Staff described the developer’s letter of intent as executed and said final agreements and…
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