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Tulsa Development Authority adopts 2026 budget, approves home-sale contracts and loan extension; authorizes $100,000 for tax-sale purchases
Summary
At its May meeting the Tulsa Development Authority approved the fiscal 2026 operating and Lansing budgets, approved several redevelopment sale contracts, extended repayment terms on a $490,000 downtown loan, authorized up to $100,000 to acquire tax-sale properties and approved additional operating support for the Greenwood Legacy Corporation.
The Tulsa Development Authority board on a unanimous vote at its May meeting approved the authority’s fiscal 2026 operating and Lansing budgets, cleared multiple contracts for sale of city-owned lots for single-family development, approved an 18-month extension and revised repayment schedule on a $490,000 downtown loan, and authorized up to $100,000 to purchase properties from the Tulsa County Treasurer’s office.
The actions — taken during a regularly scheduled TDA meeting that included a brief executive session on an economic development proposal — also included authorization to provide additional operational funding to the Greenwood Legacy Corporation.
The board’s fiscal 2026 budget for TDA operations and the Lansing program was presented as unchanged from the draft circulated the prior month; staff called for approval and the board voted to adopt the budget.
Votes on a package of property-sale contracts included authorization to sell a single-family parcel at 2201 North Lewis Place to Terrace Dory’s Homes LLC for $12,000…
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