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Council hears presentation on expanded Tulsa International Airport TIF plan; proponents say budget could rise to $975 million
Summary
Councilors heard a project presentation on an amended Tulsa International Airport economic project plan that would expand several tax increment financing (TIF) increment districts and raise the planauthorized budget from $98,000,000 to $975,000,000; no final vote was taken and proponents said the plan will return for final approvals.
City Councilors received an informational presentation on an amended and restated Tulsa International Airport economic project plan that would expand several tax increment financing (TIF) increment districts and increase the planauthorized budget from $98,000,000 to $975,000,000, project proponents said.
The plan would expand increments in multiple districts within the airport project area rather than change the overall project plan boundary, the project proponent told the council, allowing the plan to "right size" the TIF capture for larger industrial projects that have since been announced.
"When the original project plan was adopted back in 2015, these whale projects of a billion dollars plus…
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