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TDA approves amended Greenwood Legacy Corporation budget; board to provide monthly updates
Summary
Dr. Lana Turner Addison, chair of the Greenwood Legacy Corporation, told the Tulsa Development Authority on Sept. 25 that the nonprofit has moved from incubation toward operations and asked the TDA to approve an amended calendar-year 2025 budget for startup expenses.
Dr. Lana Turner Addison, chair of the Greenwood Legacy Corporation, told the Tulsa Development Authority on Sept. 25 that the nonprofit has moved from incubation toward operations and asked the TDA to approve an amended calendar-year 2025 budget for startup expenses.
The Tulsa Development Authority voted to approve the second amendment to Greenwood Legacy Corporation’s FY2025 budget, which the GLC presented as totaling $244,408.33 for 2025. The budget revision increases planned spending for salaries, consulting and onboarding, and the GLC committed to providing the TDA monthly budget updates.
The amendment aligns with a prior TDA resolution and an agreement between the city and the TDA that requires the GLC to present a formal budget plan to the…
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