Redevelopment of City-Owned Downtown Properties
Potential Public-Private Partnership for the Redevelopment of City-Owned Downtown Properties
Since the adoption in 2008 of the Town Center Study Initiative Phase 1 Report and associated illustrative vision (together known as the “Town Center Master Plan”), the City of McKinney has been evaluating and implementing a comprehensive strategy of implementation tools (e.g. development policies, development ordinances, grants, public infrastructure investments, catalyst projects, etc.) in order to bring the vision to life and truly allow revitalization and economic redevelopment of the historic Town Center to be achieved and sustained over the long term.
 
In the summer of 2012, as a proactive step to increase momentum for continued revitalization in the Town Center, the city issued a Request for Proposals (RFP) seeking master development proposals from qualified private developers for the redevelopment of 10 under-utilized city-owned downtown properties. View a map of these properties.
 
Redevelopment of any combination of these properties is expected to include new residential uses and/or new commercial uses (in single use and/or mixed use buildings) within a pedestrian-friendly design that is consistent with the city’s adopted Town Center Master Plan.

In November 2012, the city received four development proposals and is in the process of evaluating them in order to determine which proposal(s) offers the best overall value (including both qualitative and quantitative factors) for the city.

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On Monday, April 8, 2013 from 5:30 – 8:30 p.m. at McKinney City Hall, the City of McKinney hosted an Informational Open House during which the four private developers discussed with the City Council their redevelopment proposals for city-owned properties within the downtown area. All stakeholders (e.g. residents, business owners, property owners, etc.) were encouraged to attend this Open House and share feedback regarding the four redevelopment proposals via comment cards that were provided at this event. Watch video of the redevelopment proposals.