Public-private partnerships and TIFs bolster NE OKC development

As featured in the Journal Record

The N.E. 36th Street and Lincoln Boulevard Homeland Grocery Store will see additions soon, in the shape of a new fueling station. Construction for the station is expected to begin later this year. The Alliance for Economic Development of Oklahoma City and our partners look forward to how this development continues to grow and provide for this neighborhood.

The Alliance worked with development partners to acquire the land from the City of Oklahoma City. The Alliance will also oversee construction, which is slated to begin in the next few months, weather permitting. Like the Homeland store on the same corner, the fueling station is part of an ongoing effort to reinvest and reinvigorate Northeast Oklahoma City. Through a strategic public-private partnership, the Alliance is working with the community to support this historically underresourced neighborhood.

Before the 36th Street Homeland store opened, residents in Northeast Oklahoma City were surrounded by a food desert for over two decades. Similar to the fueling station, the Alliance worked with the City to acquire the land parcel for the store. The Alliance also secured Tax Increment Financing (TIF), tax credits and other private funding sources and oversaw construction for the grocery store with other development partners. The store offered a much-needed opportunity for residents to be able to purchase fresh produce and other high-quality groceries. The new fueling station will add to the list of amenities now available to residents.

Read the rest of the column in the Journal Record.

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