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Economic Development Trust approves TIFF support for Robinson and Cotton Exchange rehabilitation
Summary
The Oklahoma City Economic Development Trust on March 24 approved up to $6 million for the Robinson conversion and up to $2.275 million for the Cotton Exchange, alongside a minor downtown TIFF amendment; both projects rely on historic tax credits and a city‑council action to add properties to a core TIFF district.
The Oklahoma City Economic Development Trust voted March 24 to back two downtown historic‑building conversions with tax‑increment financing and approved a minor amendment to the downtown MAPS economic development project plan to allow several properties to move into a new core TIFF district.
The Trust approved a joint resolution to allocate up to $6 million in TIFF for the Robinson project at 119 North Robinson, a proposed $50 million renovation to create 106 market‑rate apartments and retain office and retail on the lower floors. Cindy Melo, a member of the developer team, said the building was listed with the National Park Service just before the meeting and that the project is expected to open in the summer of 2027.
"We just finished up that step actually yesterday. It was just listed and approved with the National Park Service," said Cindy Melo, describing the…
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