McKinney airport, city buy acreage for $22M cash

​​​​McKINNEY – The City of McKinney and the McKinney National Ai​rport have acquired about 190 acres of land at the southeast side of the city-based airport.

The 190-acre tract is being acquired for $22.3 million in cash.

McKinney’s city council amended its annual budget and used its capital improvement program to fund the deal.

This acquisition fits into McKinney’s long-term growth strategy to expand the 775-acre airport property by up to 500 acres in coming years to provide for the airport’s expected growth.

The airport is estimated to generate more than $44 million each year in economic impacts to the city.​​