McKinney could be the only city in Texas to be home to a Honda jet distribution center.
The McKinney Economic Development Corporation’s board of directors offered Cutter Aviation a .8 million incentive on Wednesday to have the company build a Honda jet sales and service center at Collin County Regional Airport. Cutter Aviation runs the fixed-based operations at the airport.
“Honda is a new paradigm. With Honda, their ability to enter the market and to see the product elevated and they are driving the reins. It will be the only place in Texas where Honda jets will be sold,” said Andy Biery, the general manager of Cutter Aviation, told the MEDC board during its monthly meeting on Wednesday.
The Honda jet will have seven seats and they will be housed in a 17,000-square-foot hangar area. Cutter Aviation’s main office is at Executive Airport but it also has an office at CCRA.
Honda jets will also be distributed in the Chicago, New York, Phoenix and Salt Lake City areas, Biery said.
The MEDC board also offered Methodist Health System a 0,000 incentive for infrastructure needs. The system is planning to build a three-story, 18-bed specialty hospital and physicians office building on 24 acres at the northwest corner of Stonebridge Drive and Eldorado Parkway.
The incentive is contingent upon the hospital having a minimum taxable value of million, said David Pitstick, the president and chief executive officer of the MEDC. Methodist Health System plans to break ground for the 100,000-square-foot building next spring, and the hospital should be open in the fall of 2009, said Leslie Barden, senior vice president of planning and marketing for Methodist Health System.
“We’re very excited about bringing a hospital to McKinney,” Barden said.
Methodist Health System will have a neighborhood meeting about the hospital at 6:30 p.m. Tuesday at Stonebridge United Methodist Church, 1800 S. Stonebridge Drive. The board also approved an 0,000 incentive to Manner Plastics, which is currently located in McKinney, to offset .5 million in capital improvement costs. The company is expected to add eight jobs. The board also unanimously denied a request from Butler Distribution for improvements to land at the University Business Park. In other business, the board appointed Stan McWilliams as its new chairperson, Rick Franklin as vice chairperson and Laurie Clegg as the secretary and treasurer.
Diann Bayes, the director of the McKinney Convention and Visitors Bureau, told the MEDC board that McKinney missed a chance to play host to an event for green buildings aspects in June or November 2008 because the city does not have enough hotels or motels that have 200 overnight, full-service rooms. McKinney was one of two U.S. cities considered for the event, Bayes said.