The 745 acres the aiprort sits on already belongs to the city while George Schuler owns the buildings.
The sale between Schuler and the city is expected to close November 8th.
McKinney expects the $25 million purchase to pay off by combining it with its economic development and corporate recruitment strategy. The city can tout the airport to corporations looking to relocate and offer integrated deals on fuel, hanger leases and other incentives.
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