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Council sets final hearing for Core to Shore TIF amendment after debate over housing, Capitol Hill priorities
Summary
Council introduced an amendment to the Core to Shore TIF plan, adding a housing objective, expanding estimated project budgets from roughly $395M to $528M and redrawing increment districts; council members pressed staff to add targeted measures for Capitol Hill (Increment H) and to meet with stakeholders before the April 7 final hearing.
The Oklahoma City Council on March 23 introduced and set for final hearing an amendment to the Core to Shore tax increment financing (TIF) plan, a major revision that adds housing as an explicit objective, redraws district boundaries and increases the plan’s budget estimate.
Kenny Suudal of the Alliance for Economic Development told the council the amendment would expand the plan’s scope and update budgets that were adopted in 2016, moving estimated public costs from about $395 million to roughly $528 million over a 25‑year projection. Suudal said the amendment also would create three new increment areas — taking the total from seven to ten — and add an Economic…
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