Last week, the Oklahoma City Council approved an $85.4 million public financing agreement with the luxury hotel chain.
District leaders prepare for phase one of the expansive development plans.
Questions about its economic benefit to the city surround plans for a convention center hotel.
Dallas-based Omni Hotels & Resorts could be selected to build OKC’s convention center hotel.
Main Street Arcade, renovated by Gardner Architects and Lingo Construction, reopened in early August.
TIF districts provide city with development dollars and aid urban renewal efforts but leave some skeptical.
Booming. This word best describes Oklahoma City’s commercial real estate growth and development over the past couple of years. In fact, in 2014, commercial property sales, new construction, renovation, occupancy and rental rates all experienced upward growth trends from the previous year. Construction of new apartment complexes has increased in downtown and Midtown and across…
While the city’s use of sales tax revenue through MAPS has gained the most attention over the past decade, the city has also turned to tax increment financing (TIF) as another way to leverage tax dollars into economic development. By creating a TIF district, the city provides public incentives to developers with the increase in…