McKinney Community Development Corporation to Vote on $35 Million Incentive Package for JW Marriott Resort

The McKinney Community Development Corporation (MCDC) is set to vote this week on a substantial incentive package totaling $35 million to support the development of a JW Marriott Resort at Craig Ranch.

This proposed funding comprises a $10.25 million low-interest loan and a $25 million grant, collectively covering approximately 10.8% of the project's estimated $325 million cost.

The luxury resort is planned to feature 290 guest rooms, over 51,000 square feet of conference space, a resort-style pool with a lazy river, multiple dining options, pickleball courts, and 45 private condominiums.

Under the terms of the agreement, the developer is required to commence construction by December 31, 2026, and complete the project by April 30, 2029.

Supporters of the incentive package argue that the JW Marriott Resort will significantly enhance McKinney's tourism and convention market, create numerous construction and permanent hospitality jobs, and generate new tax revenues that will ultimately offset the public investment.

Critics, however, express concerns about allocating public funds to a high-end resort, emphasizing the need for careful oversight to ensure tangible community benefits.

The MCDC's decision on this incentive package will play a pivotal role in determining whether the JW Marriott project proceeds, potentially marking a significant milestone in McKinney's ongoing development efforts.