Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Letter of Intent to Enter into an Exclusive Negotiation Period with Parkhill to Lead, Develop, and Program the Development of Approximately 300 Acres of City-Owned Property for a Landmark Sports and Entertainment Complex
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
5.5
MEETING DATE: April 7, 2026
DEPARTMENT: City Manager's Office
Parks & Recreation Department
CONTACT: Trevor Minyard, Assistant City Manager
Amy Kinkade, Director of Parks & Recreation
RECOMMENDED CITY COUNCIL ACTION:
* Staff recommends approval of the resolution
ITEM SUMMARY:
* The resolution proposed will authorize the city manager to enter an exclusive negotiating period with Parkhill for a term of 180-days. This term will be utilized to develop a series of terms, conditions, and agreements that will govern the development of the subject properties and will be presented to the City Council for approval once drafted.
BACKGROUND INFORMATION:
* The City of McKinney and McKinney Community Development Corporation began the process of purchasing the subject properties in 2020 and finalized the purchase in 2021.
* In 2021 through 2022 the City of McKinney was in discussions with a developer and ultimately terminated negotiations.
* From 2023-2024 the City of McKinney Parks Department experienced a leadership transition, slightly delaying the development plans of the properties.
* In 2025 the McKinney City Council adopted item 5.5 in their Strategic Goals & Priorities Documents that stated the city should, "Issue a request for qualification/proposal (RFQ/RFP) for the development of the 230-acre parcel at Bloomdale and Taylor Burke (Brinkmann Tract) by December 31, 2025."
o An additional 70 acres of adjacent land was included in the RFQ as outlined by the City Council's 5.5 goal.
* In December of 2025, the City Council adopted a series of guiding principles associated with the propo...
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