A New Terminal to Benefit All of North Texas
Over 2,000 Parking Spaces
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.
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.
new jobs to the region
in economic output
in taxes benefitting local, state, and federal governments
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.
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
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?
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.