June 2017   Vol. 6   Issue 4
Knitting the innovation district together

This spring the Brookings Institution and the Project for Public Spaces presented their results and recommendations of an 18-month study of the innovation district. Among the recommendations was to “create a denser, more active, and better-connected mixed-use urban environment in and around the innovation district.” 

Imagine riding a bike instead of a car to your job at the OU Health Center, or even strolling across I-235 to grab a bite to eat at a downtown restaurant? It may be hard to visualize with our current infrastructure, but it is possible. 

Sales tax, bond proposals would invest $1.1B in Oklahoma City; Proposed vote is Sept. 12
Investing in our streets, bridges, sidewalks and parks is important to our quality of life. The GO Bond is also important for economic development.

By City of OKC

More than $1.1 billion in funding for streets, police, firefighters and other basic needs and an annual injection of $26 million for day-to-day operations are included in sales tax and bond proposals under consideration by the Council.

The proposals would build a safer and better community through critical investments in the future without raising sales tax or property tax rates.

There are three basic components: a permanent ¼ cent sales tax and temporary ¾ cent sales tax to replace the expiring MAPS 3 sales tax, and a general obligation bond package to succeed the almost-complete 2007 bond program

From Cathy O'Connor, Alliance President
Shopping Oklahoma City to the world

Retail is an economic driver of communities – from the development and purchase of real estate to job creation and the increase in sales tax revenue.

In the Oklahoma City metro area, restaurants and grocery retailers alone generate nearly $4 billion in sales each year. That revenue translates into jobs, recurring spending and increased sales tax revenue, which keeps our city healthy and thriving. The majority of Oklahoma City’s general fund is dependent on sales tax revenue. It’s how we fund core services such as police, fire, street repair, parks and public transit.

One of the best ways for us to connect face-to-face with developers, retailers, hoteliers, restaurateurs and entertainment brokers and recruit them to Oklahoma City is the annual International Council of Shopping Centers’ global retail real estate convention in Las Vegas. Known as RECon, it is the world’s largest retail real estate convention.

Read the full article in The Journal Record 

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About The Alliance
The Alliance was created in 2011 to better serve the economic development needs of Oklahoma City. With its collaboration with city and private entities, the Alliance acts as a comprehensive resource for business in need of assistance from the public sector.