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Board approves amendment to 900 North Klein redevelopment deal; sets district proceeds at $22 per square foot
Summary
The OKCPS board approved a first amendment to a redevelopment and disposition agreement for 900 North Klein on Sept. 15, specifying that net proceeds to the district will be calculated at $22 per square foot without credits for abatement costs.
The Oklahoma City Public Schools Board of Education approved a first amendment to the joint redevelopment and disposition agreement for 900 North Klein on Sept. 15, specifying that net proceeds to the district will be based on $22 per square foot and that no credit or offset would be provided for abatement costs.
Board Member Meg McElhaney moved the amendment; the motion passed 5–1 with Board Member Jessica Cifuentes recorded as voting no.
The approved language conditions the district’s net proceeds on a $22 per‑square‑foot baseline and disallows reductions tied to abatement costs. The board debate in the meeting did not enumerate the total acreage or anticipated sale price; the motion and recorded vote were the primary actions taken on the item.
The board will implement the amendment through the district’s redevelopment process; staff did not provide additional financial pro forma or timelines during the public discussion.
