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Bixby board hears pitch to amend TIF for 90‑unit downtown project; no board action required
Summary
Consultant Kathy O'Connor told the Bixby Board of Education a Vertex Group proposal would add 90 apartment units and about $22 million in private investment to a downtown Tax Increment Finance (TIF) district, with roughly $1 million in infrastructure costs to be reimbursed via an 80/20 increment split; the presentation was informational and any decision will be made by the city.
BIXBY, Okla. — The Bixby Board of Education on Thursday heard a presentation on a proposed minor amendment to Tax Increment Finance District No. 3 that would add parcels near 151st and 100 and make room for a new 90‑unit multifamily development.
Kathy O'Connor, a consultant working with the Vertex Group, told the board the project would add "90 new residential units that will be multifamily" — a mix she described as 36 one‑bed, 36 two‑bed, six two‑bed/two‑bath townhomes and 12 three‑bed units — plus about 5,000 square feet of commercial space. O'Connor estimated the private investment at…
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