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Council hears first public hearing on major downtown TIF amendment; developers pitch $95M Philcade rehab
Summary
At a Feb. 2026 public hearing, TIF counsel and downtown developers outlined proposed changes that would add two Philcade increment districts, increase authorized TIF project costs by about $260 million and allow the Philcade to be rehabilitated as a mixed‑use project; council set a second hearing for March 11.
At a public hearing on the Downtown Area Economic Development Project Plan, TIF counsel Jeff Sabin told the Tulsa City Council the second‑amended project plan would add two increment districts for the Philcade Building, add sales‑tax increment to the Cathedral District and remove the Evans Fin Tube increment district. Sabin said those changes, combined with updated development assumptions, increase the project plan's authorized costs by about $260,000,000.
The downtown planning group and developers presented numbers and a vision. Emily Scott, interim president and CEO of the Downtown Tulsa Partnership, said the Cathedral District remains under‑invested, with about 47% of developable land used for surface parking. Scott said a predevelopment plan identifies six catalytic sites and estimates roughly $300,000,000 in near‑term development potential and nearly $900,000,000 at full buildout, and she told council many…
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