Council holds public hearing on proposed Pearl District tax‑increment financing plan

Partner Tulsa representatives described a proposed tax‑increment financing plan for the Pearl District and answered questions during a public hearing before the Tulsa City Council. The plan would create a single ad valorem increment district covering the neighborhood just east of downtown, prioritize housing and mixed‑use development, and use increment revenue to pay for infrastructure and developer assistance.

The presentation, delivered by Jeff Sabin of the Center for Economic Development Law on behalf of Partner Tulsa, said the project area covers the Pearl District between Kendall‑Whittier and the Market District. Sabin said the plan relies primarily on pay‑as‑you‑go financing rather than upfront borrowing, though he acknowledged some property owners…