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Council holds public hearing on Southern Villa District mixed‑use project plan
Summary
City staff and the project developer presented a multi‑phase, mixed‑use development and a project‑specific tax increment finance plan for the Southern Villa District; hearing drew questions about housing mix, school impacts and financing; no council approval of the plan occurred at the meeting.
A public hearing on a proposed Southern Villa District economic development project plan was held during the Tulsa City Council’s 5 p.m. meeting, where city advisors outlined a project-specific tax increment finance (TIF) structure intended to support a multi‑phase vertical mixed‑use development in southwest Tulsa.
Jeff Sabin, of the Center for Economic Development Law in Oklahoma City, presented the project plan as economic development counsel for Partner Tulsa. He said the development would be built in three phases, each with its own ad valorem and city sales‑tax increment districts, and described the project as a regional center combining multifamily housing and retail and commercial space.
Sabin told the council the combined project is estimated at roughly $400 million in development costs and that…
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