2023 Annual Development Report
City of McKinney
Growth
City Limits
Our city is growing. While McKinney completed only 1 annexation that added 2 acres of land into the city, the city received 6 applications for annexation in 2023.
People
Our population is growing, too. As of January 1, 2024, the city is home to 214,810 people.
During 2023, McKinney added 3,413 people.
That growth isn't slowing down soon. Projections through 2040 show a potential population of 284,000.
Development Projects
In 2023, staff processed 429 development project submittals and held 174 pre-development meetings.
Residential Building Activity
We issued 1,853 single family building permits valued at $583 Million.
Trinity Falls MUD accounted for 315 of those permits. That's 17% of all single family permits issued in 2023.
Here are all of the Top 10 Subdivisions, ranked by single-family residential permits issued in 2023.
Commercial Building Activity
In 2023, we issued 129 building permits for new businesses, valued at $485,606,593.
Offices dominated this growth, accounting for 36% of all commercial building permits issued.
The McKinney Municipal Complex (City Hall) had the highest single valuation at $90 Million.
Major Projects
2023 saw 7 major development projects completed. They are valued at $156 Million.
We expanded services and improved quality of life by completing three educational facilities, a new office tower, and a state-of-the-art Executive Terminal at the Airport.
City Projects & Programs
Capital improvement projects were underway all across the city in 2023.
The Engineering department managed 110 active infrastructure and facility improvement projects.
CIP projects active in 2023 represented $403 Million in investments for McKinney's future.
Thirty-two CIP Projects supported park improvements.
Eight major projects were completed in 2023 totaling $20.8M in investments.
- Gabe Nesbitt Park Indoor Tennis Facility - $12.3M
- Robinson Ridge Park - $4.2M
- Mary Will Craig Park (Renovation) - $2.7M
- Murphy Park (Renovation) - $600k
- Oak Hollow Golf Course (Greens Resurfacing) - $500k
- Bonnie Wenk Park (Improvements) - $413k
- Central Park (Play Equipment) - $52.2k
- Serenity Park (New Pier) - $50k
Historic Preservation
The Neighborhood Empowerment Zone (NEZ) program encourages compatible infill development in historic neighborhoods, while the Historic Neighborhood Improvement Zone (HNIZ) program encourages the preservation of residences in historic neighborhoods.
In 2023, we processed 14 impact fee waivers in the NEZ and granted property tax exemptions to 10 residences in the HNIZ
Within the Historic District, property owners are required to apply for a Certificate of Appropriateness (COA) before a building permit can be issued to perform work.
In 2023, 104 COAs were approved.
The Tax Increment Reinvestment Zoning (TIRZ) was established in 2010 to provide support to projects revitalizing the Historic Town Center.
We awarded funding to 6 projects in the TIRZ in 2023.
Those 6 projects were awarded $581,441 in TIRZ funding.
These funds supported building restorations, infrastructure improvements, and safety upgrades in the historic downtown.
Code Services
In 2023, Code Services staff was busy. We responded to a total of 6,700 code cases. By the end of the year, 86% or 5,765 of those cases were closed or canceled.
Resources
For additional information about the 2023 Annual Development Report or to view past reports follow the links below.
For questions about this app, how to to use it, or any of the data it contains, please contact the City of McKinney Planning Department at contact-planning@mckinneytexas.org .
DISCLAIMER: This app and information contained in it were developed exclusively for use by the City of McKinney. Any use or reliance on this app by anyone else is at that party’s risk and without liability to the City of McKinney, its officials, or employees for any discrepancies, errors or inconsistencies which may exist.
