The long delayed and much discussed Gateway Hotel project, located at U.S. 75 and 121, now has a firm timeline of construction. During its meeting on Tuesday night, the McKinney City Council approved an amendment to the development agreement between the City of McKinney, the McKinney Community Development Corporation, Gateway Hotel One, Ltd, and Champ-Beck Development, LLC.
This amendment establishes a timeline for construction and “set the actual dates in stone,” according to City Manager Jason Gray.
The newly adopted construction timeline is as follows:
- Site mobilization begins – October 10, 2013
- Site remediation begins – November 10, 2013
- Obtain building permit and begin core and shell construction – December 10, 2013
- Begin interiors and furniture, fixtures and equipment (FF&E) – September 10, 2014
- Substantial Completion – February 10, 2015
The roughly $35 million project will see the construction of a hotel and events center using the existing structure on property located at the northeast corner of the intersection of the Sam Rayburn Tollway and U.S. 75. Previous reports showed the public contribution to this project to be between $18 million and $20 million.
The original construction timeline called for the completion of the hotel and events center in December 2014, but delays in securing a loan for the construction costs have delayed the project.
Gray told the city council that the dates on the currently timeline are expected completion dates for the various stages of the project, but that any one of the phases could be completed early but none of the phases will be completed past the stated deadlines.
Mayor Pro Tem Travis Ussery and Councilman Ray Ricchi voted against the amendments to the construction timeline. All other city council members voted for the new timeline and motion passed 5-2.