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McKinney National Airport Begins Construction on $79 Million Passenger Terminal

This project is backed by a multi-source $79 million financing package designed to support initial commercial operations by late 2026.

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Overview

  • The groundbreaking ceremony was held July 18, 2025, to launch construction on a 46,000-square-foot terminal with four initial gates.
  • Funding for the $79 million project comes from sales tax revenue bonds, a Texas Department of Transportation grant, tax increment reinvestment-zone funds, city utility allocations plus airport operating revenues.
  • Officials expect the terminal to serve up to 200,000 passengers annually at launch, with capacity scalable to over 1 million travelers per year.
  • Ultra-low-cost carrier Avelo Airlines plans to operate as many as three Boeing 737 flights daily once commercial service begins in late 2026.
  • Residents in nearby Fairview have raised concerns about increased noise, traffic, pollution, potential declines in property values.