Even just a couple of years ago, a proposal by an out-of-state developer to build a 20-story tower with apartments and retail would have seemed like a sure thing.
But the proposal submitted by Indianapolis-Milhaus to the Oklahoma City Urban Renewal Authority on Monday is anything but a sure thing when it’s weighed against a competing proposal by Chicago-based Clayco.
The Alliance was created in 2011 to better serve the economic development needs of Oklahoma City. With its collaboration with city and private entities, the Alliance acts as a “one-stop-shop” for businesses in need of assistance from the public sector.
The Oklahoma City Urban Renewal Authority is the leading public redevelopment agency of Oklahoma City. It is empowered through state law with certain financial resources and legal mechanisms. Urban Renewal is charged with the revitalization of the City's urban neighborhoods and the enhancement of its quality of life.