The Downtown Tax Increment Financing Review Committee approved OPUBCO’s request for $1.5 million in economic development funds from the TIF 8 economic development fund, informally known as the Devon TIF. The proposal next will go before the Oklahoma City Council for final approval. It would be the first project to be partially financed by the […]
tif
Posted inNews
More to build
Eric Wenger Credit: Mark Hancock Much of Project 180 is to be paid for by tax increment financing (TIF) district 8, which surrounds the new Devon World Headquarters. A TIF caps property tax revenue and diverts property tax values above that cap to other projects. As part of its agreement with the city, Devon loaned […]
Posted inNews
Necessary revisions
The Oklahoma City Economic Development Trust unanimously passed a measure adjusting the budget from the original $175 million to around $157.5 million. The revised budget was to go before the City Council at its Dec. 20 meeting. Oklahoma Gazette first reported in November that the scale of Project 180 was to be reduced, possibly eliminating […]
Posted inNews
Necessary revisions
The Oklahoma City Economic Development Trust unanimously passed a measure adjusting the budget from the original $175 million to around $157.5 million. The revised budget was to go before the City Council at its Dec. 20 meeting. Oklahoma Gazette first reported in November that the scale of Project 180 was to be reduced, possibly eliminating […]
Posted inNews
Living arrangement
The Oklahoma City Economic Development Trust at its April 26 meeting gave the green light for Level Urban Apartments, located at Northeast Second Street and Oklahoma Avenue, to receive $1.25 million in tax increment finance district money for development. However, the developer, Center City Development LLC, will not receive the money until it has completed […]