McKinney's looking to get grant cash to build up the airport on the east side. This could totally change the neighborhood, so buckle up!
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 2 the 90 before that.
The city expects to save over $15 million in interest costs by refinancing existing debt with the new TIFIA loan at a significantly lower interest rate.
McKinney taxpayers and the city's long-term financial health will benefit from the reduced interest expenses.
Residents near the airport might deal with more noise and traffic.
A key goal is to make the airport financially self-sustaining within 3-5 years. This involves generating enough revenue from flights, passengers, and related services to cover operational costs without relying on TIRS or general funds.
The city is moving forward with financing for the airport's commercial service terminal. A key decision involves securing a $30 million federal TIFIA loan to replace existing debt with a lower interest rate, aiming for significant long-term savings.
McKinney accepts $7 million TxDOT grant for airport project KERA News
McKinney city officials are looking ahead at development opportunities on the east side of the McKinney National Airport.
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