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Council OKs TIF allocations for National Memorial expansion and downtown rehab; film rebate prequalified

City Council Meetings — Oklahoma City Council · February 10, 2026

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Summary

Council approved a $5M TIF allocation for the National Memorial & Museum expansion, a $750K downtown TIF allocation to rehab the Peerless building and attract an aerospace firm, and prequalified a local film for a 5% rebate of roughly $228,000.

The council approved three economic development items Tuesday: a $5,000,000 downtown TIF allocation for the Oklahoma City National Memorial & Museum expansion, up to $750,000 in downtown TIF funds for rehabilitation of the Peerless Oklahoma Company building, and a film‑incentive prequalification for a locally shot feature.

Carrie Watkins, president and CEO of the Oklahoma City National Memorial & Museum, described "The Forward," a 10,400‑sq‑ft addition that will add a children’s area, orientation theater and a new lobby, and said construction planning is underway with a completion target of April 2027. The council voted unanimously to approve a joint resolution to allocate the TIF funds that will support construction costs.

Separately, council approved a joint resolution allocating up to $750,000 from downtown TIF #2 to support the Peerless building renovation at 11 NW 8th, a project pitched as historic rehabilitation to attract MyDefense (a counter‑drone/aerospace company) and other tenants. Developers asked for the support to make the economics workable and said they expect to add local jobs; that resolution passed 6–1.

The Film Office presented a rebate prequalification for 'Project Summer' (Rebellion Films), reporting 99% local crew, about $4.7–4.8M in anticipated local expenditures and a recommendation for a 5% rebate (~$228,209). The council approved the prequalification unanimously.

Council members praised the museum project and the developers’ urban‑rehab approach and asked staff to ensure TIF amendments and minor plan changes are processed with transparency and public notice.