A New Terminal to Benefit All of North Texas

144,000 Square Foot Terminal

Four Gate Sustainable Facility

Dining and Retail Amenities

Over 2,000 Parking Spaces

Enhanced Passenger Experience

Airport Today

McKinney National Airport (TKI) is a general aviation (GA) airport, home to Fortune 500 corporate fleets and privately-owned aircraft, handling over 200 flights daily.

The revenues from fuel sales, hangar and office rents, ground leases, and other services fully fund the maintenance and operation of the airfield and associated facilities. 

Source(s) Texas Aviation Economic Impact Study 2018; City of McKinney Annual Budget Fiscal year 2022-23; McKinney Community Stewardship

Why Grow?

McKinney is uniquely positioned to reach a desirable customer base, offering convenience to the region and competition in the market that will ultimately benefit residents of McKinney, Collin County, and North Texas.

With an initial project investment of approximately $300M, the potential annual economic impact in the initial year will have a positive impact on McKinney and the region.

Source: InterVISTAS Consulting, Inc. Economic Impact Study Analysis. October 2022

2,780–3,280

new jobs to the region

$207–265M

in wages

$615–850M

in economic output

$77–115M

in taxes benefitting local, state, and federal governments

Why Now?

The tremendous growth in the North Texas region fuels the timing of this planned expansion, and research demonstrates the Metroplex is projected to grow and can support more than two commercial airports.

Collin County:

Source(s): Woods & Poole and U.S. Census American Community Survey, S1901 Report for 2020 5-Year Estimate, InterVISTAS Consulting, Inc. Economic Impact Study Analysis. October 2022; Crawford, Murphy, & Tilly Demand Analysis. June 2022

Proposed Project 

A planned sustainable commercial air service terminal offers a convenient alternative to the large and medium hub airports within the Dallas/Fort Worth area. The four-gate terminal building, with state-of-the-art technology and amenities, will offer an enhanced passenger experience. 

Proposed Site Plan

Project Timeline

 

Environmental assessment 2022-2023; Proposed Bond Election May 2023; Construction 2024-2025; Terminal Opens 2026

Funding Proposal

Funding for the project is proposed to come from several sources, including:

  • General Obligation bonds
  • Federal grants
  • Low-interest federal transportation infrastructure loans

As a result of the bond issuance for this project, the city does not anticipate an increase in the property tax rate.

Frequently Asked Questions

Is McKinney adding commercial service to the McKinney National Airport?

The McKinney City Council has appointed committee members to consider a May 2023 bond election. 

The proposed bonding authority would focus on improvements and projects at McKinney National Airport. One project that may be included is a new terminal building that would support commercial air service, which aligns with the airport’s 2012 master plan and the city’s strategic goals. 

The committee will recommend whether a bond election should be called in May 2023. 

How long has McKinney been planning to add commercial air service?

Commercial air service has been part of the McKinney National Airport’s master plan since 2012.  

City leaders have spent a significant amount of time doing their due diligence to ensure commercial air service is both a viable option and in the best interest of the community.  

Does the Dallas-Fort Worth area need another commercial airport?
North Texas is among the fastestgrowing major metropolitan areas in the U.S. and is expected to remain so for the foreseeable future. It is not uncommon for large urban areas – like the Metroplex – to have multi-airport systems.  
How would this project be funded?

If approved by the voters, funding for the project is proposed to come from several sources, including General Obligation bonds, federal grants, and low-interest federal transportation infrastructure loans. As a result, the city does not anticipate an increase in the property tax rate. 

If the bond passes and this project comes to fruition, which airlines would operate out of the airport?
Those airlines which would operate at the airport have not been determined. The city and its consultants have been in discussions with multiple airlines that have expressed interest.