The McKinney City Council recently gave the green light for an over $7.5 million parking garage to be built in the city’s historic downtown area and slated to be complete by the end of this year.
During the recent Council meeting, members approved the city entering into a lease agreement with a developer to begin construction of the five-story, 310-space garage that the city will lease to own on the northeast corner of Virginia and Chestnut streets.
The Council also voted in favor of two long-term lease agreements for surface lots which will be used for public parking. The leases include the First United Methodist Church located on the southwest corner of Kentucky and Lamar streets where the City will add 47 spaces to the church’s lot for a total of 91 parking spaces. Another 90 new public parking spaces will be added at the northeast corner of Tennessee and Hunt Streets for a total of 90 parking spaces in that location.
“This is a great step forward in the process to alleviate the parking issues we have in downtown and we are excited to see work begin on this project,” McKinney Mayor Brian Loughmiller said. “It’s a great problem to have so many people want to visit our historic downtown square and we are doing our best to make visiting a convenient and enjoyable experience for everyone.”