Title
Consider/Discuss/Act on a Request by the City of McKinney for TIRZ Funding for the Mckinney National Airport, Air Service Marketing Program and Incentives; and Accompanying Resolution of the TIRZ 2 Board
Summary
COUNCIL GOAL: Maximize the Development Potential of McKinney National Airport
• 3.1: Implement initiatives and strategies, including public-private partnerships, to attract and expand corporate and commercial aviation including the viability of passenger service.
MEETING DATE: March 17, 2026
DEPARTMENT: Airport
CONTACT: Kenneth Carley, A.A.E., Airport Director
RECOMMENDED CITY COUNCIL ACTION:
• Approve Resolution
ITEM SUMMARY:
This Resolution authorizes the Board of Directors of Tax Increment Reinvestment Zone Number Two, City of Mckinney, Texas, to approve funding for Mckinney National Airport, Air Service Marketing Program
BACKGROUND INFORMATION:
• Authorizes a one-time local match to support an application to the Small Community Air Service Development Program (SCASDP) grant.
• The proposed program would support new nonstop air service through revenue guarantees for underperforming routes, airline-specific and general airport marketing, and incentives through the Air Service Incentive Program to launch or sustain year-round or seasonal service.
FINANCIAL SUMMARY:
• Allocates $1,000,000 for the Airport’s Air Service Incentive Program (ASIP), Year 1, to provide incentives for airlines launching or sustaining new nonstop service, including year-round or seasonal routes.
• Provides $300,000 for general airport marketing, including website development, print materials, and advertising to promote air service and the airport.
• Includes a $300,000 one-time local match to support a grant application to the Small Community Air Service Development Program; these funds would only be used if the grant is awarded.
• The TIRZ No. 2 fund balance is projected to be $4,100,000 at the end of FY25, with an additional $4,300,000 projected accrual in FY26 for a total projected balance of $8,433,818. Following approval of this resolution, the projected ending balance would be $6,833,818.
• If approved, a companion agenda item will be on the April 7, 2026 City Council agenda to amend the TIRZ 2 budget and Airport Operating budget for FY26.
BOARD OR COMMISSION RECOMMENDATION:
• N/A