By TSB Staff
The Council Chambers were full on Nov. 6 as our city’s governing body overwhelmingly approved a development agreement for a hotel and event center at Gateway.
Council took a major step and voted by a margin of 5 -2 to give the greenlight to City Manager Jason Gray to enter into a development agreement for the Gateway Project hotel and conference center with Beck Dev., Champ Hospitality, McKinney Economic Development Corp. and McKinney Community Development Corp.
Gray explained that the Sheraton or Sheraton-type hotel conference center project will include 186 guest rooms and be a 3.5-star full service hotel with 20,000 square feet of high quality event space.
The project will use the existing structure on the track of property located at the northeast corner of the intersection of the the Sam Rayburn Tollway and U.S. 75. City entities will retain approximately 8 acres of property from the original project and the city will have full ability to approve the design and building material of exterior of entire project and will have design authority over interior and exterior of event center portion of the project. An event lawn, which is part of the project, will be leased and maintained by city for future additional development.
With Council’s go-ahead, the expected timeline of the hotel an conference center will be the following:
–March 2013: Private partners get financing, finalize design, branding and platting of the property to a four acre site.
–June 2013: Construction begins
–December 2014: Project is completed
For TSB’s story on Council’s approval of the Gateway plan, please click here.
For our follow-up story with the Mayor and CDC board chair’s thoughts, please click here.
But all year, as this was being discussed, there were reservations in the community. For a story on the reaction of business owners, please click here. And for an opinion piece by TSB publisher Angie Bado on the subject, please click here.
Town Square Buzz is looking back at the most newsworthy events of 2012 with our top-10 countdown that runs from Dec. 22-31. The complete list, with links included, will be included at the bottom of every story in case you miss one and would like to go back to it.
TSB’s Top News Stories of 2012
8. Gateway Projects Gets Green Light to Proceed
7. Coming Tuesday, Dec. 25