New JW Marriott Resort Coming to McKinney Amid Economic Growth Initiatives

MCKINNEY, Texas - Major Developments Approved

The McKinney City Council has taken a significant step in enhancing the city's tourism appeal by approving a resolution that authorizes the City Manager to execute a Chapter 380 Economic Development Program and Agreement with Craig Ranch Luxury Hotel. This agreement aims to facilitate the establishment of a luxury JW Marriott resort hotel in McKinney.

This initiative aligns with the city's strategic goals to promote tourism and attract high-caliber hospitality experiences, reflecting a commitment to economic growth through well-planned developments.

Understanding the Chapter 380 Agreements

Chapter 380 agreements are crucial to fostering local and state economic development. These agreements enable city officials to provide various forms of assistance and incentives to businesses and developers, ultimately driving commercial activity within the jurisdiction.

Expert Opinions on the Development

McKinney Mayor George Fuller commented on the project, stating, "This is a transformational project that reflects the City of McKinney's commitment to thoughtfully planned growth and economic development." He elaborated on how this development dovetails with the expansion of the local airport into commercial service, the ongoing partnership with the CJ CUP Byron Nelson tournament, and the emergence of key entertainment venues such as the VENU Sunset Amphitheater and Cannon Beach: Surf and Adventure Park. According to Fuller, McKinney is fast evolving into a coveted regional and national destination, making a luxury hotel like the JW Marriott both a welcome and necessary addition.

Project Specifications

The proposed JW Marriott resort will feature:

• 290 guest rooms
• Over 51,000 square feet of high-end conference space
• Comprehensive resort-style amenities, such as a business center and a retail gift shop
• Access to the TPC Craig Ranch golf course and a Lifetime Fitness and Spa
• A minimum of 45 for-sale condominiums, designed with a dedicated amenity deck

This mixed-use development is set to occupy an 8-acre parcel at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway within Craig Ranch, positioning it as a unique hospitality and residential destination for both locals and visitors.

Looking Ahead

As the project progresses, the McKinney Community Development Corporation and the McKinney Economic Development Corporation will review additional incentives tailored to support this initiative during upcoming summer meetings. Such incentives are expected to further enhance the project's viability and contribution to the local economy.