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Council approves amended downtown economic development (TIF) plan after public support for Philcade renovation
Summary
The Tulsa City Council approved the second-amended downtown economic development project plan under the Oklahoma Local Development Act, following a public hearing where downtown business owners and residents urged support for the Philcade renovation and for incentives to spur tourism and housing. The ordinance passed on second reading.
Tulsa City Council voted to adopt the second amended downtown area economic development project plan pursuant to the Oklahoma Local Development Act, approving item 7a on second reading after a public hearing in which developers, hotel and tourism stakeholders and downtown residents urged the council to support the Philcade renovation and related TIF districts.
The public hearing drew eight speakers who largely urged approval. Supporters said the Philcade and associated projects will restore historic buildings, increase hotel-room supply crucial for conventions, and help…
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