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Board moves to reduce venue parking requirement from 5,100 to 5,000 spaces, subject to local approvals
Summary
A committee member moved to authorize the president to execute an amendment to the venue holding corporation development agreement to reduce the parking requirement from 5,100 to 5,000 spaces; the motion is subject to approval by city council and the McKinney community development corporation and was recorded as moved by Thad, seconded by Mark.
The board considered and moved to authorize an amendment to the venue holding corporation development agreement that would reduce the required parking from 5,100 spaces to 5,000 spaces, contingent on approvals by the city council and the McKinney community development corporation. Committee member stated, "I make a motion to authorize the president to execute an amendment to the venue holding corporation development agreement to decrease the parking space requirement from 5,100 to 5,000 spaces, subject to the approval of the city council and the McKinney community development corporation at their upcoming meetings." The Chair recorded the motion as made by Thad and seconded by Mark.
The amendment was explicitly made contingent on approvals by two external bodies; no implementation timeline or effect on parking operations, mitigation, or related funding was specified on the record. The transcript does not provide the full amendment text or financial impacts.
