By Ben Lane, TSB Staff
The City of McKinney is set to have another lure for corporate America as ground was broken Thursday for the Craig Ranch Corporate Center. The approximately 137-acre site is being developed in a public-private partnership between the city of McKinney and Craig Ranch.
“I’m inviting corporate America to McKinney,” said Mayor Brian Loughmiller during Thursday’s ceremony. “We’re ready for you.”
Jim Wehmeier, President and CEO of the McKinney Economic Development Corporation, called McKinney “extremely pro-business” and said “McKinney is open for business.” Wehmeier also said, “Days like today are why I was so excited to come to McKinney.”
David Craig, President and CEO of Craig Ranch, echoed those sentiments and also declared McKinney open for business. “McKinney has arrived,” he said. He also thanked the city’s leadership for their foresight and willingness to help attract big business to McKinney and Craig Ranch.
The city of McKinney is contributing $5 million in incentives for additional infrastructure including Grand Ranch Parkway, a new entrance from the Sam Rayburn Tollway, new corporate center monument signage and a lake park that will feature restaurant sites overlooking the water. Craig Ranch will also invest another $3 million in infrastructure improvements.
The development will create more than 2.5 million square feet of space for development.
Pictured from left: David Craig, President and CEO of Craig Ranch, McKinney City Manager Jason Gray and President and CEO of McKinney Economic Development Corp. Jim Whemeier.
City Manager Jason Gray called the groundbreaking “an exciting day for us.”
Loughmiller said, “Economic recovery doesn’t just happen. You have to make it happen. You have to be bold and be willing to take risks.”
Texas State Representative Scott Sanford also attended the groundbreaking and presented Craig with a flag that flew about the state capital in Austin. Sanford said that it was a privilege to represent McKinney in the Texas House of Representatives and that now is the time for McKinney for be the leader for development for the entire state of Texas. Many city of McKinney staff members as well as City Councilmen Randy Pogue, Travis Ussery, Roger Harris and Ray Ricchi attended the ceremony.