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McKinney officials outline $1.7 billion in local projects and new downtown parking study
Summary
City Manager Paul Grimes and MEDC staff briefed the EDC board on multiple city facility projects — including airport infrastructure, a performing-arts renovation, library work and a planned downtown parking structure — and tied those projects to a pending downtown parking action-plan update and Highway 5 corridor redevelopment.
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Paul Grimes, McKinney city manager, told the Economic Development Corporation board that the city is updating its 2021 downtown parking action plan and preparing for redevelopment along the Highway 5/McDonald Street corridor as TxDOT advances highway improvements. "We're in the process of updating that," Grimes said, urging board members to tune into a council work session on the topic.
Grimes listed a string of city construction projects now underway or planned: east-side airport infrastructure and terminal work, a performing-arts center renovation scheduled for early 2026, ongoing library renovations, near-complete fire department headquarters that will free space needing police renovation once occupied, and a nearly finished Towne Lake recreation center. "We are getting underway with the early preliminary work on a downtown parking structure," Grimes said, adding the city likely will need additional parking facilities in the future.
The MEDC's senior vice president Michael Talley framed those municipal projects within the broader economic picture, saying MEDC project tracking represents roughly $1.7 billion in full capital investment across about 51 projects and an estimated 6,000 jobs. Talley also previewed a fuller Smart Cities and Web Summit report coming back to the board.
Board members did not vote on these planning updates, which were delivered as informational reports and tied to upcoming council work session items. The city manager invited board members and the public to review the downtown-parking presentation at the council work session and watch for the MEDC's forthcoming Smart Cities briefing.
