Stonebridge Ranch is a

planned community A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...

McKinney McKinney is a city in and the county seat of Collin County, Texas, United States. It is Collin County's third-largest city, after Plano, Texas, Plano and Frisco, Texas, Frisco. A suburb of the Dallas–Fort Worth metroplex, McKinney is about ...

Collin County, Texas Collin County is a county in the northern part of the U.S. state of Texas. It is part of the Dallas- Fort Worth- Arlington metropolitan statistical area, and a small portion of the city of Dallas is in the county. At the 2020 United States c ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

History

Originally planned as a large community of luxury homes and facilities, building began on the 6000-acre site in the mid-1980s. The development faced problems in 1988 when Gibraltar Savings Association, the

savings and loan A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. While the terms "S&L" and "thrift" are mainly used in the United States, ...

institution backing it for an estimated $300 million (and 17% owned by the family of the project's developer) became insolvent. The federal government intervened, taking over the property, selling again it in 1990 for only $61 million. Such losses were a common outcome in the government's disposal of real estate assets during the bailouts of the

savings and loan crisis The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of approximately a third of the savings and loan associations (S&Ls or thrifts) in the United States between 1986 and 1995. These thrifts were b ...

. Ownership transferred to Yukio Kitano, representing the largest-ever Japanese investment in Texas real estate at the time. Construction has continued over the following decades.

Amenities

Stonebridge Ranch has private leisure facilities including pools and golf courses, as well as a community center, which are all overseen by its

community association A community association is a nongovernmental association of participating members of a community, such as a neighborhood, village, condominium, cooperative, or group of homeowners or property owners in a delineated geographic area. Participatio ...

. The area contains six elementary schools and two middle schools.

and Frisco

Independent School District An independent school district (ISD) is a type of school district in some US states for primary and secondary education that operates as an entity independent and separate from any municipality or county, and only under the oversight of the res ...

s offer education to high school students. It is also the location of Methodist McKinney Hospital and Stonebridge United Methodist Church. Commercial activity is concentrated on the Virginia Avenue Corridor and Eldorado District, including large chains, local merchants and restaurants.

References

{{CollinCountyTX-geo-stub Planned communities in the United States McKinney, Texas