August 23, 2016

by Cathy O'Connor via The Journal Record: August 23, 2016

Last week, Russell Evans, executive director of the Economic Research and Policy Institute at the Meinders School of Business at Oklahoma City University, presented an economic forecast update to the City Council. The update provided an overview of current national and state economic conditions and their implications for Oklahoma City’s economic outlook.

This type of information is helpful for the Alliance, City Council and others in making short- and long-term decisions for Oklahoma City. His comments reflected good and bad news and ultimately recommended an attitude of cautious optimism.

August 17, 2016

by Cathy O'Connor via The Journal Record: August 16, 2016

In the last two years, Bricktown has experienced the biggest changes since it first emerged as an entertainment district in the late 1980s.

Bricktown is now a better-rounded, mixed-use area with residential offerings, new office space, and family-friendly options, all compatibly existing alongside the nightlife and restaurants that initially helped launch the district. More than 40 percent of Bricktown businesses are locally owned and the district contributes between 5 percent and 6 percent of the city’s total sales tax revenue.

August 16, 2016

The 2017 meeting schedule for the Oklahoma City Redevelopment Corporation, the Oklahoma City Redevelopment Authority and the Oklahoma City Urban Renewal Authority has been posted here on the website.

August 9, 2016

by Cathy O'Connor via The Journal Record: August 9, 2016

If you’ve been to the Skirvin Hilton in recent weeks, you’ve noticed construction and fresh finishes throughout the historic hotel. The Skirvin has been an important investment both publicly and privately, and is arguably Oklahoma City’s most important historic preservation project to date.

The Skirvin opened in 1911 but sat vacant and deteriorating for years after closing in 1988. The city purchased the hotel in July of 2002, and the hotel reopened in February of 2007. The $56.4 million funding plan approved by the City Council in 2006 included a mix of public and private sources. The public investment called for repayment through loan proceeds, ground lease payments based on the success of the hotel and a portion of the proceeds from the future sale of the hotel.

August 2, 2016

by Cathy O'Connor via The Journal Record: August 2, 2016

Abandoned buildings attract crime, strain the resources of the police and fire departments, decrease property values and have a negative effect on the quality of the surrounding neighborhood.

They produce little or no property tax revenue but require significant time, attention and resources from the city. As with most cities, abandoned buildings have been an ongoing problem for Oklahoma City.