Title
Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Hope Hardware Building, LP (RI 26-02) in an Amount up to Fifty Thousand and NO/100 Dollars ($50,000.00) for the Installation of a Grease Trap including Necessary Plumbing and Site Work at the Hope Hardware Building Located at 214 E. Louisiana Street, McKinney, Texas. Request Represents 75% of Total Project Cost for Exterior Infrastructure.
Summary
COUNCIL GOAL: 1: Direction for Strategic and Economic Growth
1.2: Continue to develop a retail strategy for key areas of the community to diversify revenue sources and expand entertainment, dining and shopping options and tourism.
MEETING DATE: September 24, 2026
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
McKinney Community Development Corporation will conduct a public hearing on a retail development infrastructure grant application submitted by Hope Hardware Building, LLC, for $50,000 to install a grease trap at the Hope Hardware Building in Downtown McKinney.
Elements of the project include plumbing and concrete slab prep work.
MCDC awarded a Retail Development Infrastructure Grant (RI24-09) to Hope Hardware Building for this same project, but project was delayed beyond the grant deadline, resulting in the grant not being funded.
BACKGROUND INFORMATION:
Property owners operated The Pantry at this location from 2001 to 2023.
Rye was a successful restaurant in Downtown McKinney that experienced a fire and ceased operations. This new location will provide an opportunity to re-open and expand their business.
FINANCIAL SUMMARY:
Funds allocated for MCDC Retail Development Infrastructure Grants total $300,000 for FY26.
No funds were awarded during Cycle 1 of FY26.
Maximum for any single award is $50,000.
The request is eligible for MCDC consideration under Section 501.103 of the Texas Local Government Code.
SUPPORTING MATERIALS:
Applicatio...
Click here for full text