Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State pledges $138.95 million to Jenks River Entertainment District under Leverage Act; council thanks staff
Summary
The city of Jenks and partner taxing jurisdictions were acknowledged by council after the Oklahoma Department of Commerce approved a $138,947,295 Leverage Act match for public infrastructure in the Jenks River Entertainment District tied to the TIF project area.
The City of Jenks on March 25 formally acknowledged and thanked the Oklahoma Department of Commerce and city staff after the state approved a Leverage Act match totaling $138,947,295 to support public infrastructure in the Jenks River Entertainment District, the council was told.
City staff and state representatives described the award as a state matching program under the Oklahoma Local Development and Enterprise Zone Incentive Leverage Act, designed to amplify local Tax Increment Financing (TIF) revenue for public infrastructure investments. City officials said the award represents an unusually large state match for a municipal TIF and will be…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
