Proposals for Downtown Redevelopment to be Discussed Monday Night

The city recently sent out the following email to announce a meeting Monday night to hear the redevelopment proposals for downtown.  Should be interesting!

Greetings to all Stakeholders of McKinney’s Town Center Study Initiative,

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 underutilized City-owned downtown 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 4 proposals and is currently in the process of evaluating them in order to determine which proposal offers the best overall value for the City.

On Monday, April 8, 2013 from 5:30 – 8:30 pm at McKinney City Hall, the City of McKinney will be hosting an Informational Open House during which the four private developers will discuss 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.) are encouraged to attend this Open House and share feedback regarding the four redevelopment proposals via comment cards that will be provided at this event.

For questions or more information, please contact Kevin Spath, Assistant Director, City of McKinney Planning Department, at email: kspath@mckinneytexas.org or phone: (972) 547-7432.

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