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McKinney ISD approves sale of 110 acres to city, secures long-term pool-lane access in $19 million arrangement
Summary
Trustees authorized a proposed sale of about 110 acres on Lake Forest North to the City of McKinney for a combined cash and in-kind consideration valued at $19 million; the in-kind portion grants the district long-term access to multiple swimming lanes under an interlocal agreement.
The McKinney Independent School District Board of Trustees on Jan. 20 authorized district staff to finalize a proposed sale of roughly 110 acres on Lake Forest to the City of McKinney and separately approved an interlocal agreement that would secure long-term access to municipal pool lanes for district athletics and instruction.
Dennis Swanick, assistant superintendent for business services, explained the…
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