Mayor's Office of Economic Development

Downtown Development Fund Offers A Total of $4 Million in Loans

A total of $4 million in loans is now available through the voter-approved Improve Our Tulsa package for use as gap funding for the development or redevelopment of downtown properties.

The City of Tulsa is now accepting applications for the no-interest, short-term loans. No deadline has been established for accepting the loan applications, however the evaluation will begin immediately as applications are received. The loans will be awarded by the City of Tulsa and administered and monitored by the Tulsa Development Authority.

The Downtown Development and Redevelopment Fund, which was part of the 2013 Improve Our Tulsa funding package, is intended to promote high quality development in downtown Tulsa, including mixed-use and/or preservation-based projects. The projects will be evaluated for the potential they have to retain and promote new businesses downtown, and support infrastructure for private development.

Applicants must demonstrate financial health and capacity, and show that the funding would be used to develop or redevelop physical property located within the Inner Dispersal Loop (IDL) in downtown Tulsa. The loans are not intended to be used for land acquisition, only for new construction on existing land or redevelopment of an existing structure.

The design criteria also places emphasis on capitalizing on the community's assets and creating a sense of place and belonging and character; street and neighborhood connections; fountains, green space, pathways and streetscaping; public art; lighting; creation of gateways into downtown and outdoor dining.

"This program supports the continued revitalization of downtown Tulsa with high quality buildings, places and experiences. All of these amenities respond to the goals of our community as voiced by Tulsans within our comprehensive plan, PlaniTulsa," said Planning Director Dawn Warrick. "We look forward to the development of more downtown projects that are compatible with surrounding properties and that will stand the test of time through structural integrity and versatility."

Application | Policy | Score Sheet/Criteria | Process Flow Chart

 

Transportation Connections WorkAdvance

Transportation Connections WorkAdvance provides unemployed and under-employed Tulsa residents with the training, job placement and advancement services that are designed to respond to the needs of the city's transportation and aerospace sector.

Requests for Proposals

View all pending Requests for Proposals

Energy Report-Click to download

Tulsa Energy Sector Economic Impact Report 2012

Prepared for the City of Tulsa by the Steven C. Agee Economic & Policy Institute this report quantifies the importance of the Energy Sector on Tulsa's economy and provides insight into the key indicators and impacts. Per the report's findings, the Energy sector accounts for 56,000 direct jobs in the Tulsa MSA and a direct effect of over $39.8 billion dollars.

Downtown Housing Demand

To date, Tulsa has never conducted a comprehensive study to determine demand for housing within the Inner Dispersal Loop and feeder neighborhoods. The main objective of the market study is to provide a comprehensive analysis of market and economic conditions, trends, and supply and demand to support current and future opportunities for all types of residential development.

The Economic Development Commission engaged consultants from the CDS/Spillette Company to conduct an eight-week, detailed housing demand study based on site visits and analysis and telephone and internet surveys. The consultants also evaluated Tulsa to six comparable cities to understand each city's experience, lessons learned and their applicability to Tulsa.

Download the Final Report

Santa Fe Square Economic Development Project Plan

The City of Tulsa is considering the approval of the Santa Fe Square Economic Development Project Plan including Tax Increment Financing (TIF) District No. 8 in Downtown. Documentation related to the proposed TIF project can be viewed here or in person at the City Clerk's Office located in City Hall, 175 E 2nd Street, Tulsa Oklahoma 74103.

Questions about the proposed TIF can be addressed to the Mayor's Office of Economic Development.

Tulsa International Airport Economic Development Project Plan

The City of Tulsa is considering the approval of the Tulsa International Airport Economic Development Project Plan including Tax Increment Financing (TIF) District No. 9 and four potential additional supporting increment districts. Documentation related to the proposed TIF project can be viewed here or in person at the City Clerk's Office located in City Hall, 175 E 2nd Street, Tulsa Oklahoma 74103.

 

Questions about the proposed TIF can be addressed to the Mayor's Office of Economic Development.

Contact Us
Mayor's Office of Economic Development
City of Tulsa
175 East 2nd Street
Tulsa, OK 74103
(918) 576-5568
econdev@cityoftulsa.org

 

 

 

 

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