TAX INCREMENT FINANCING 

Skirvin Hilton Hotel

After sitting vacant and deteriorating for decades, the city purchased the hotel in July 2002. The $56.4 million TIF included a mix public and private sources. Today the grand hotel has revenues exceeding $8 million.

Tax increment financing districts are an economic tool to promote development in blighted, underserved, or economically distressed urban areas. TIF helps fund new economic growth that will attract new investors, consumers and employers into the area.

TIF monies can be allocated in two ways:

  • The city can construct public improvements (parking, infrastructure, streetscape, and/or landscaping improvements) on publicly owned land or easements

  • The developer, or redeveloper, can receive an allocation of TIF revenues to fund eligible TIF project costs in the form of “assistance in development financing” upon meeting conditions to the allocation

For more information, contact Brent Bryant, the City’s Economic Development Program Manager at brent.bryant@okc.gov or (405) 297-2260. Learn more about TIF.

For information on TIF # 1 or #7, contact Cathy O'Connor, Oklahoma City Urban Renewal Authority, (405) 235-3771.

INCREMENT DISTRICT #1: Oklahoma Health Center Tax Increment District

INCREMENT DISTRICT #2: Downtown/MAPS Increment District

INCREMENT DISTRICT #3: Skirvin Hotel Tax Increment District 

INCREMENT DISTRICT #4: Oklahoma Riverfront Tax Increment District 

INCREMENT DISTRICT #5: Oklahoma Riverfront Sales Tax Increment District

INCREMENT DISTRICT #6: Las Rosas Residential Tax Increment District 

INCREMENT DISTRICT #7: Oklahoma Bioscience Tax Increment District 

INCREMENT DISTRICT #8: Devon World Headquarters Tax Increment District 

INCREMENT DISTRICT #9: Northeast Renaissance Tax Increment District 

INCREMENT DISTRICT #10: First National Tax Increment District 

INCREMENT DISTRICT #11: Innovation District 

INCREMENT DISTRICT #12: Wheeler District (A) 

INCREMENT DISTRICT #13: Core to Shore South CBD/Central Park

Core to Shore Reinvestment Area TIF Districts  

  • Core to Shore Reinvestment Area Policy Guide

© 2019 The Alliance for Economic Development of Oklahoma City