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2023 Bond Package
City of McKinney General Obligation Bond Election
Election Day May 6. Early Voting April 24 - May 2.
General obligation bonds are funds borrowed by the city for specific public purposes. Usage must be approved by the voters, and the bonds are repaid with property tax revenue. If the proposition passes, bonds will be used to fund a commercial terminal and related improvements at McKinney National Airport over the next several years. Paying for the bond debt over an extended period allows the property tax collected from current and future taxpayers to be used to pay for public improvements. The following proposition is up for voter consideration:
Proposition A: $200,000,000 for a commercial terminal and related improvements at McKinney National Airport
|The city proposes $200 million in the upcoming bond election for the design, construction and development of a commercial air service terminal at McKinney National Airport, including taxiways, terminals and other facilities and operational improvements.|
View proposed project details and renderings
- Maximizing the commercial value of McKinney National Airport (TKI) has long been a priority of the City of McKinney and its City Council.
- McKinney National Airport is currently a financially self-sustaining general aviation airport.
- Home to Fortune 500 corporate fleets and privately-owned aircraft.
- Revenues from fuel sales, hangar and office rents, ground leases, and other aeronautical services fully fund the maintenance and operation of the airfield and associated facilities.
- Ad valorem tax revenue funds education, public safety, and streets, etc.
- The tremendous growth in the North Texas region plus expressed commercial carrier interest in McKinney fuels the timing of this proposed expansion.
- A planned, sustainable commercial air service terminal offers a transportation alternative to the large and medium hub airports within the Dallas/Fort Worth area.
- 144,000 sq. ft. terminal
- 4 passenger gates
- 15-acre aircraft apron
- 2,000 parking spaces
- Taxiway C (Phase1)
- Initial airline discussions began in late 2019 resulting in commercial air carrier interest.
- An environmental assessment, started in 2022, will analyze the potential environmental impacts to resources such as water, wildlife and habitat, culture, air quality, noise, surface transportation, residences, and community populations.