Once again, the City of McKinney has earned the title of one of the fastest growing cities in the country by growing 5.9 percent from July 2015 to July 2016 according to U.S. Census Bureau estimates.
McKinney ranks as the third fastest-growing city in the country among those with a population of more than 50,000. The Census Bureau estimated the population of McKinney to be 54,409 on April 1, 2000, compared to 172,298 by July 1, 2016.
“McKinney is growing at a phenomenal rate. Our city issued 2,400 single-family home permits last year, so this title doesn’t come as a surprise to us,” said City Manager Paul Grimes. “We will continue to purposefully and strategically plan the city’s development as growth continues, and we are fortunate to have a visionary City Council, boards and commissions, and staff guiding McKinney’s growth during this incredibly unique time.”
A number of high-profile development projects are in the works, further demonstrating the city’s exponential growth, including the construction of a retail development anchored by Costco as well as a nine-acre mixed-use development near downtown. The city and the McKinney Economic Development Corporation recently approved a Memo of Understanding with a development team led by KDC for the development of the Gateway site located at the interchange of the Sam Rayburn Tollway and U.S. 75. The city also recently approved a tax incentive plan Tuesday night for a $100 million upscale lifestyle hotel and conference center in Craig Ranch.
“The important thing is that we continue to grow according to plan and continue to provide the infrastructure, services and unparalleled quality of life that help make McKinney the attractive destination it is,” said Grimes.
McKinney, Texas, is unique by nature. As one of the fastest growing cities in America, McKinney has a current population of more than 168,000. The city was #1 on the list of Best Places to Live in America in 2014, published by Money Magazine. Established in 1848, the city is located 30 miles north of Dallas and is the county seat of Collin County. McKinney offers award-winning schools, a vibrant historic downtown, diverse housing options, a robust economy and a uniquely beautiful natural setting, with rolling hills and lush trees. Visit the City of McKinney website.