Cannon Beach Project Secures $4M Incentive Package from McKinney City Council
The McKinney City Council has approved a $4 million investment in infrastructure improvements to support the upcoming Cannon Beach development. The $200 million mixed-use project will introduce a resort-style hotel and a state-of-the-art surfing lagoon to the city, spanning a 35-acre site. In addition to lodging, the development will include retail space, restaurants, and family-focused entertainment, creating a dynamic new destination for residents and visitors.
Central to the attraction is the surf lagoon, which will range from 3 to 10.5 feet in depth and offer diverse wave conditions. The site will also feature a 17-foot-deep cliff diving pool and a continuous wave pool. A public beach adjacent to the wave pool will ensure community access to the unique waterfront amenities.
Cannon Beach is projected to create more than 700 local jobs and welcome approximately 300,000 visitors each year. Over the next 20 years, the development is expected to generate over $2 billion in economic impact, marking a significant milestone in McKinney’s ongoing growth and development efforts.
