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County reviews pay application and funding mix for Investors Capital building renovation
Summary
Commissioners reviewed a pay application for a multi-source funded renovation of the Investors Capital Building for district attorney use and confirmed an expected 2026 completion target for interior work.
Oklahoma County commissioners discussed a pay application tied to the gut-and-rebuild renovation of the Investors Capital Building next to the courthouse and confirmed the project’s financing mix and expected schedule.
A county presenter outlined funding sources for the project: approximately $7,000,000 in PBA bond financing, about $3,400,000 from ARPA funds, roughly $2,000,000 from Investors Capital contributions, and a little more than $2,000,000 in TIF reimbursement from Oklahoma City. The presenter said the portion before the commission relating to PBA bond funds was to be paid from bond proceeds.
Commissioners asked about the project completion date. Project staff (Stacy) said the current schedule targets the end of 2026 for completion of the interior elements paid with ARPA funds and said exterior and mechanical work could continue beyond that date if the schedule slips. The presenter stated the first pay application reported to the commission included a portion charged to PBA funds; the meeting record did not specify a single consolidated dollar total for that pay application beyond the amounts described.
A motion to approve the pay application item was made and seconded and recorded by voice vote with commissioners answering “Aye.” No changes to the county’s previously described funding mix were recorded at the meeting.
The commission did not set new spending limits or alter the financing plan during the session; staff said the schedule depends on staying on program timelines and on ARPA-related constraints for the ARPA-funded portion.
