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McKinney EDC details land holdings, rebrands Innovation Fund as 'Innovation Exchange' and highlights Plug and Play partnership
Summary
At a joint session, the McKinney Economic Development Corporation outlined plans for multiple land parcels, described a rebranded Innovation Exchange that provides non-dilutive grants and workspace, and said a Plug and Play partnership has expanded startup pipelines and corporate engagement; council asked for follow-up on deal closures and timing.
The McKinney Economic Development Corporation updated the McKinney City Council on its land portfolio and a rebranded startup program on Tuesday, outlining plans for multiple downtown and airport-area parcels and describing an expanded ‘‘Innovation Exchange’’ intended to attract startups, corporate partners and follow‑on investment.
Presenter Joukowsky told both bodies that MEDC now controls or is marketing several parcels: roughly 8 acres near Highway 121 adjacent to the Denison Hotel; about 20 acres east of Stacy (the ‘‘East of the creek’’ area); a 46‑acre Lake Forest site under an RFQ; roughly 1 acre at the former City Hall for a potential multi‑story office with ground‑floor commercial uses; about 6 acres near the Sheraton held in partnership with the city; and 183 acres east of the airport that are being master‑planned for infrastructure and marketing. "We hope the first quarter of this year, we have some momentum on that and we can start moving forward with getting some vertical construction on there," he said.
Joukowsky said MEDC is rebranding its…
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