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Council hears presentation on proposed Pearl District TIF aimed at bringing housing, retail and flood‑mitigation options
Summary
City staff and city leaders updated the council on a proposed Pearl District tax‑increment financing (TIF) project plan that staff and proponents estimate could support roughly $200 million in private investment and create mixed‑use development. Community representatives sought greater involvement and discussed possible grant uses to help mitigate
City staff and economic‑development officials presented a proposed Pearl District Tax Increment Financing (TIF) project plan and described outreach and outstanding issues.
Staff said the Pearl District project plan would establish an ad‑valorem increment district to support redevelopment in the corridor between Downtown, Kendall‑Whittier and the Tulsa Market District. The plan identifies anticipated uses including multifamily housing, retail, parking and hotel, and staff estimated roughly $200 million in potential private investment…
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