Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager, MEDC President, and MCDC President to Execute an Amended and Restated Chapter 380, Grant, and Development Agreement by and among City of McKinney, Texas, McKinney Economic Development Corporation, McKinney Community Development Corporation, and VENU Holding Corporation, successor-by-name-change to Notes Live, Inc. (“VENU”) and a related Consent, Recognition, Subordination, Nondisturbance, and Development Agreement Protection Agreement
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5A: Create Affordable Recreational and Cultural Arts Activities For
All Ages Throughout the City)
MEETING DATE: October 5, 2026
DEPARTMENT: City Manager’s Office
Legal Department
McKinney Economic Development Corporation (MEDC)
McKinney Community Development Corporation (MCDC)
CONTACT: Paul Grimes, City Manager
Mark Houser, City Attorney
Michael A. Kowski, Jr., MEDC President & CEO
Cindy Schneible, MCDC President
RECOMMENDED CITY COUNCIL ACTION:
Approval of a Resolution Authorizing the City Manager, MEDC President, and MCDC President to Execute an Amended and Restated Chapter 380, Grant, and Development Agreement and a Consent, Recognition, Subordination, Nondisturbance, and Development Agreement Protection Agreement.
ITEM SUMMARY:
? On April 16, 2024, the City of McKinney approved a Chapter 380, grant, and Development Agreement with Notes Live, Inc. (the “Agreement”), for the development of a 20,000-seat open-air amphitheater located on 46 acres at the northeast corner of U.S. 75 and S.H. 121. On October 15, 2024, the City of McKinney approved a First Amendment to the Agreement. On December 3, 2024, the City of McKinney approved a Second Amendment to the Agreement. On October 6, 2025, the City of McKinney approved a Third Amendment to the Agreement. On January 6, 2026, the City of McKinney approved a Fourth Amendment to the Agreement. The MEDC and MCDC each approved the sam...
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