McKinney caps aid at $6M for Provident's 62-acre warehouse site

McKinney’s City Council approved an annexation facilities and developer participation agreement on Oct. 5, 2026. The counterparty is Provident Realty Acquisitions III LLC, which the city file ties to an industrial warehouse project on about 62 acres in McKinney.

Why it matters

The $6,000,000 is a cap on what the city may contribute, not money paid. It is a ceiling on public support for roads, water and wastewater serving a private industrial project.

The site is about 61.922 acres east of State Highway 5 and south of State Highway 121. Developers watching the State Highway 121 corridor get a clear example of what McKinney will share in return for annexation.

The numbers

• Site: 61.922 acres, generally east of State Highway 5 and south of State Highway 121.
• City share: up to 30% of eligible public infrastructure costs, less a credit for initial water and wastewater maintenance.
• Cap: not to exceed $6,000,000.
• Status: approved at the Oct. 5, 2026 regular meeting. The city’s file does not list a vote tally.

The file does not give a total project cost, so the share cannot be turned into a dollar estimate of the full infrastructure bill.

What’s next

Watch for the annexation ordinance itself and any site plan filing, which would show building sizes and phasing. The actual city outlay will depend on eligible costs the developer submits, and it could land well below the cap. Any payment would come only after those roads and utility lines are built and qualify under the agreement.

For wider context, see our Dallas-Fort Worth coverage and the Collin County land deal in Lennar takes 25 Collin County lots from a TPG-named vehicle.