The McKinney National Airport has an economic impact of more than $212 million annually to the City of McKinney and surrounding region, according to the 2018 Texas Aviation Economic Impact Study released by the Texas Department of Transportation (TxDOT). This represents a 382 percent increase from the previous economic impact study published in 2011 when it was determined the airport had an economic impact of $44 million annually.
“Our airport is greatly benefiting from the huge increase in businesses relocating to the Collin County region. Corporate fleets are discovering how easy and convenient it is to use our airport and travelers appreciate our close proximity to the major highways connecting the Metroplex,” said Ken Carley, Director of the McKinney National Airport.
“The airport and FBO are lucrative assets that differentiate the City of McKinney from other cities in Collin County, setting McKinney apart as the only city with this amenity – making our city an enticing location for economic development,” said Mayor George Fuller. “The results of the study show that McKinney’s airport continues to be major catalysts for well-paying, quality jobs in our community.”
City Council recently approved the airport’s master plan study that provides an efficient and environmentally conscious development plan to sustain healthy growth and service at the airport during the next 20 years.
The update was prepared in concert with state and federal agencies, local officials, neighboring communities, adjacent landowners and airport users. The city also partnered with TxDOT and Coffman Associates to conduct the study. A series of public hearings were also part of the master plan process to allow the community to provide input on the direction of the airport.
Growth at the airport isn’t slowing down. In December 2017, the City of McKinney announced they entered into a public-private partnership with Western LLC for a $16 million construction project at the McKinney National Airport that will update and expand its facilities and include a new state-of-the-art FBO terminal and an additional 40,000-square-foot hangar.
“We can’t seem to build hangars fast enough, as soon as one is complete, it’s already fully booked. We’ve had people who have been on a waiting list for more than a year to get space here,” said Carley.