Tag Archives: alliance for economic development

TIF Tally

Oklahoma City has eight TIF districts. The program is a local redevelopment technique authorized under the state constitution for municipalities to fund public and private economic development improvements, and then capture the increased property tax from those projects in formerly blighted areas. State law says a TIF district can exist for 25 years. The first

TIF dollars approved for OPUBCO move downtown

Century Center Photo by Shannon Cornman In all, the council approved $38.9 million for 10 different projects, seven of which dealt with infrastructure. In 2012, developer Steve Hurst purchased the Century Center Mall, 100 W. Main, for $2 million. Built in the mid-1970s, the 115,000-square-foot center was once a thriving office and retail spot —

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