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City presents $30 million MCDC request to seed east-side airport terminal; board presses on financing risks
Summary
City staff presented a reduced east-side commercial terminal plan and requested MCDC support via $30 million of sales tax revenue bonds to be refinanced with a federal TIFIA loan. Board members pressed staff on revenue sources, PFCs, risk if TIFIA does not materialize and whether airport revenues could be earmarked for debt service.
City staff outlined a scaled approach to introduce commercial airline service at McKinney National Airport, including taxiway/flatwork, an access roundabout and a compact ground‑loaded commercial terminal. The program cost estimate is roughly $72 million; the city requested MCDC issue $30 million in interim sales‑tax…
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