Second company working at McKinney National Airport terminal files for bankruptcy

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A nearly $7 million terminal finishing project at McKinney National Airport has encountered its second major problem.

McKinney City Council agreed Aug. 16 to terminate a contract with McRight-Smith Construction due to the company’s bankruptcy filing this spring. McRight-Smith Construction was contracted by the city in late 2020 to complete work on the Executive Terminal at McKinney National Airport.

Terminating the contract was a procedural step allowing the city to use the surety company to hire a replacement contractor, city attorney Mark Houser said. He noted that it does not cost the city additional money and that the remaining dollar amount on the city’s contract with McRight-Smith will be deposited as security.

Efforts to complete the Executive Terminal have already encountered turbulence, with the city contracting Western LLC when the project began in 2018 to expand the airport with a new hangar and terminal. Work on the hangar was completed on time in 2019, but shortly thereafter Western LLC filed for bankruptcy and defaulted on its agreement with the city to complete the terminal. This caused the project to stall for about a year before McRight-Smith arrived.

McRight-Smith showed there were six weeks left of work on the final schedule produced before giving notice to the city, but it’s unclear at this time how accurate that estimate is under the new circumstances, according to a gatekeeper. -word of the city.

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