McKinney’s future surf destination has a concrete milestone to talk about. Connect CRE reported on October 6 that crews had completed excavation for Cannon Beach’s lagoon. It is an early construction step, with the wider resort still to be delivered. ([1])
The original city announcement placed the planned $200 million development at Stacy Road and SH 121, bringing together recreation, hospitality, dining and business space. Its early opening forecast is not a confirmed operating date. ([2])
What the public record adds
A closer look at the September 15 finance agenda explains how the land deal works. The developer owes MEDC under a promissory note; specified development milestones can earn credits that reduce that balance. The item proposed appropriating $20,870,845 in land-sale proceeds for the agreement. The document describes a performance-linked arrangement, not proof that all credits have been earned. ([3])
For the community, that makes the next construction milestones worth following for two reasons: they move the destination forward, and they connect to the financial agreement behind it. Our reading is that the strongest local story will follow what actually gets delivered and when people can use it. ([3])
Agents can bring energy to the conversation without turning a surf-resort plan into a home-price prediction. Start with the documented progress, explain the mix of planned uses, and keep the eventual opening separate from today’s construction news. ([1]; [2])
- Connect CRE — Cannon Beach construction milestone · October 6, 2026
- McKinney Economic Development Corporation — original Cannon Beach announcement · December 13, 2024
- City of McKinney — agenda file 26-0911 · September 15, 2026
Reviewed October 8, 2026.
Conceptual illustration generated with AI. The wave is a visual metaphor, not a photograph or a depiction of an operating lagoon.
