More than two years after breaking ground on a hotel and convention center, McKinney has next to nothing to show for it.
The city is suing the Westin Hotel and city-owned convention center's original developer, O&S Holding. The company's McKinney Shores Hotel Partners filed for bankruptcy in 2009, nearly one year it stopped work on the project when it ran into trouble securing funding.
"It's still a priority of ours. ...Essentially, we're in a holding pattern because of litigation," Mayor Brian Loughmiller said.
Contractors for California-based O&S Holdings stopped work on the project in October 2008 after building a parking lot and laying the foundation for the hotel. The project, which was to be part of the Bridge Street Town Centre development, broke ground in February 2008.
The land is now an eyesore, with weeds growing around and inside the hotel's foundation, which is surrounded by a chain-link fence.
TBG Special Construction Projects, which is owned in part by The Beck Group, bought the property at auction for nearly $4.37 million. The Beck Group has a reputation for developing hotels and resorts and was part of the construction team for the hotel and convention center when money for the project dried up.
Loughmiller said completion of the hotel and convention center is a competitive necessity. Cities across North Texas have similar complexes, and they continue to attract the kind of tourism and corporate gatherings that bring jobs.
"As new companies are coming in, they want to have those types of services," Loughmiller said.