VENU completes $60 million sale-leaseback for McKinney amphitheater land
The developer says proceeds will repay short-term financing and help finish construction. Its opening target remains early 2027.
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7 results for "VENU"
7 results for “VENU”
The developer says proceeds will repay short-term financing and help finish construction. Its opening target remains early 2027.
A five-year projection for Tax Increment Reinvestment Zone No. 1 shows the downtown fund falling from $28.5 million to $7.2 million by fall 2028 as big projects are paid for, then rebuilding with help from the Notes Live venue.
Construction is scheduled from May 2027 to April 2028 under a state filing registered Tuesday. The design grew after the council told staff to add sidewalks to every street reconstruction.
McKinney’s Oct. 20 hearing concerns a 0.11-acre corner at Coleman Street. Staff support townhome zoning; the planning commission recommended denial 4–3.
A state filing describes a 25,000-square-foot addition of religious classrooms at the church near the Collin County Courthouse, scheduled from October 2026 to September 2027.
McKinney's council and its two development corporations on Monday let VENU sell the Sunset Amphitheater land to STORE Capital and lease it back; the city says no new public money is involved.
Texas state sales tax revenue reached $4.4 billion in September, reflecting an 11.5% increase over the previous year driven by robust commercial activity.