Title
Consider/Discuss/Act on the Fourth Amendment to Chapter 380, 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.
Summary
COUNCIL GOAL: 5: Enhance the Quality of Life in McKinney
5.1: Create Affordable Recreational and Cultural Arts Activities
for All Ages Throughout the City
MEETING DATE: January 22, 2026
DEPARTMENTS: McKinney Community Development Corporation (MCDC)
CONTACTS: Cindy Schneible, MCDC President
ITEM SUMMARY:
* On April 16, 2024, the City of McKinney, McKinney Community Development Corporation (MCDC), and McKinney Economic Development Corporation (MEDC) approved a Development Agreement with Notes Live, Inc., 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.
* This item will consider a Fourth Amendment to that Agreement.
BACKGROUND INFORMATION:
* On March 12, 2024, the City of McKinney and Notes Live, Inc., announced that preliminary terms were reached to deliver a 20,000-seat open-air amphitheater.
* On April 16, 2024, the City of McKinney, MCDC, and MEDC approved the Development Agreement for the project.
* The project will be located on 46 acres at the northeast corner of U.S. 75 and S.H. 121.
* Total estimated investment by Notes Live in the Sunset Amphitheater McKinney project is $220 million.
* It is estimated to bring more than 1,300 direct and indirect jobs to the community and an economic impact of roughly $3 billion to the area over the first ten years.
* The Project is a joint effort by the city, the MEDC and the MCDC.
* The Amphitheater will serve as the flagship music venue for Notes Live and represents their largest venue.
* The venue will be designed to host major touring artists, and creating an exceptional fan experience through ...
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