The single-family lots at the former Collin Creek Mall site carry one charge that most other Plano listings don't. Each standard residential lot in the Collin Creek West Public Improvement District owes an annual installment of $1,956.23, due January 31, 2027. Behind that bill sits an outstanding assessment of $26,661.31 per lot. Plano City Council approved those figures on July 27, 2026.

The assessment pays for public improvements. Most of what makes Collin Creek a mixed-use neighborhood instead of a townhome subdivision, though, is still on a construction schedule. A buyer signing this fall gets a finished home, a recurring bill, and a set of dates. This post looks at all three.

The Bill That Shrinks Slowly

For the past three years, Plano's annual service plan updates for the Collin Creek West PID have listed the standard residential lot, called Lot Type 1, like this:

Follow the money. The 2024 roll was issued before the January 2025 payment came due, and the 2026 roll after the January 2026 payment. Between those two rolls, two installments totaling $3,866.85 came due, and the outstanding balance fell by $1,280.08. The yearly bill is creeping up, and most of each payment goes to interest and collection costs. The district's own five-year budget shows why. In the 2024 forecast, bond interest is roughly $566,000 a year against principal of about $289,000, and total annual collections stay near $972,000 every year through 2029.

The 2026 installment works out to about $163 a month on top of the mortgage, taxes, insurance and any HOA dues. The builder pages we reviewed don't publish an HOA amount, so ask for it directly. The 2026 forecast runs through the installment due in 2031. The final payoff year wasn't visible in the text we retrieved, so get it from the title company or the city before you close.

There are two more layers. The East PID roll also assigns an assessment to a block labeled Single-Family, called Block Q, with $2,527,799.17 outstanding for the block as a whole. Confirm which district a specific home site falls in. The city's Tax Increment Reinvestment Zone No. 4 is a separate mechanism. It is funded by setting aside part of the tax growth the site produces, and the plan doesn't describe a separate charge billed to homeowners.

What's Built and What's Still Scheduled

The PID is a fixed cost. What it helps pay for arrives on a timeline, and here is where that timeline stood in early fall 2026.

Community Impact reported those park and apartment dates in June 2026, based on comments from Connie Delgado, Centurion American's vice president of retail development. Those are projected start dates. We haven't seen confirmation that either park has broken ground. Plano's planning and zoning commission approved a revised site plan for one park in May: 4.5 acres at the southwest corner of Central Circle Parkway and Entrada Way, with a playground and trail improvements.

The full plan is still large. It calls for 1.3 million square feet of office space, 35,000 square feet of restaurant and retail storefronts, 3,000 residences, eight acres of city parks and 1.6 miles of trails. A townhome bought today sits in the first finished slice of that plan.

Why the Dates Keep Moving

The delays have a specific, documented cause. According to Plano Magazine, errors in the original floodplain modeling led to a multi-year delay in drainage construction. Residential building started in 2023, but the drainage analysis wasn't approved until mid-2025. Delgado told Community Impact in June 2026 that drainage infrastructure across the site has affected the schedule more than anything else.

You can track the slippage in public reporting. In May 2025, Community Impact reported a forecast that the parks and street network would finish in late 2025. By June 2026, park construction was expected to start in the third quarter of 2026. In March 2026, Plano Magazine reported that the Chisholm Trail link to 15th Street was expected that summer. The city's July 20, 2026 parks board packet now puts trail construction in 2027 and 2028.

None of this is unusual for a project this size, and Plano Magazine made the same point. Legacy West was planned in 2013 and opened in 2017. Granite Park opened its first tower in 1998 and was still adding towers in 2023. Much of the work done so far is underground. For a buyer, the real question is how long the gap between the plan and daily life will last. If the apartments break ground on schedule this quarter, 22 months of construction runs to roughly the second half of 2028. That's when the parks, the trail and the apartments could all overlap for the first time. Retail has no date at all.

Where the Price Actually Lands

Collin Creek isn't a budget option. Plano recorded 188 home sales in August 2026 at a citywide median of $494,500, according to MetroTex data reported by Community Impact. Builder pricing at Collin Creek on October 4, 2026 straddled that number:

• Ashton Woods listed plans from $455,000 to $551,990. One move-in-ready townhome at 837 Olas Way was marked down from $495,015 to $455,000, a cut of $40,015.
• Mattamy Homes showed quick move-in homes from $478,351 to $535,576. That includes two-bedroom Kelso townhomes near the bottom of the range, and the page advertised a 2/1 buydown.
• DRB Homes showed quick move-in prices from $426,835 to $497,715. It advertised up to $50,000 in savings plus a special rate on select homes, and a separate offer to build with up to $30,000 in Flex Cash.

So the discount comes from incentives, not the sticker price. Builder offers change week to week. Ashton Woods' 4.99% financing promotion, for example, required contracts by September 30, 2026 and has since closed. Treat the figures above as a snapshot. A $40,000 price cut or a $50,000 incentive is worth far more than a year's PID installment. Put those numbers side by side when you weigh a Collin Creek townhome against a resale home elsewhere in Plano with no assessment.

The rate buydowns change the math in another way. A lower payment for the first few years can soften the PID line during the same years the parks and trail are still under construction. When the buydown ends, the assessment is still there.

Get These in Writing Before You Sign

1. The exact PID district, East or West, for your specific home site, and whether your parcel's installment is the full $1,956.23 or a split amount. Some subdivided accounts on the 2026 roll show $978.11.
2. The final year of the assessment and whether a payoff option exists.
3. HOA dues and what they cover. The builder pages we reviewed don't publish them.
4. The written terms behind any incentive banner, including contract and closing deadlines.
5. Where your lot sits relative to the future park sites, the apartment parcel and the trail route, since those will be active construction zones for the next couple of years.

A Few Quick Questions

Is the PID the same thing as the TIRZ? No. The PID is billed to assessed parcels. The TIRZ is funded by diverting part of the growth in property tax revenue, and the 2020 plan describes no separate homeowner charge.

Are any restaurants or shops open at Collin Creek yet? Not as of fall 2026. The developer's site still lists retail, dining and both city parks as future components, and no tenant with an opening date has been named.

Who are the builders? Ashton Woods, DRB Homes and Mattamy Homes, all offering brownstone-style townhomes of two or three stories with attached garages, roughly 1,500 to 2,400 square feet.

If Collin Creek is on your Plano shortlist, Allison Keegan can pull the PID record for a specific lot, compare builder incentives with nearby resale homes that carry no assessment, and help you decide whether the timeline fits your plans. Reach out before you sign a builder contract.