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McKinney City Council has appointed committee members to consider a May 2023 bond election.
The proposed bonding authority will focus on improvements and projects at McKinney National Airport. One project that may be included is a new terminal building that would support commercial air service, which aligns with the Airport’s 2012 master plan and the City’s strategic goals.
The committee will provide their recommendation whether a bond should be called in May 2023.
Commercial air service has been part of the McKinney National Airport’s master plan since 2012.
City leaders have spent a significant amount of time doing their due diligence to ensure commercial air service is both a viable option and in the best interests of the community.
North Texas is among the fastest-growing major metropolitan areas in the U.S. and is expected to remain so for the foreseeable future. It is not uncommon for large cities – like the Metroplex – to have multi-airport systems.
If approved by voters, funding for the project is proposed to come from several sources, including General Obligation bonds, federal grants, and low-interest federal transportation infrastructure loans.
Those airlines which would operate at the airport has not been determined. The city and its consultants have been in discussions with multiple airlines that have expressed interest.