I read on the HOOVER neighborhood Facebook page, Id like to know if there's any meat to that?
That would be an interesting development as we have speculated it would be a logical expansion option for them some day.
As of now, according to assessor records, The Promenade is broken out into four parcels that I see with an FMV around $43 million and it pays almost $700,000 per year in property taxes. The Schusterman Center has an FMV of $89 million and they $85 a year in property taxes. Yes, as in the $85 in my wallet would pay their property taxes for the coming year.
While it might be aesthetically-pleasing to have the campus eventually expand across the street given the current state of brick-and-mortar retail, economically-speaking. this would be a bad deal for the City of Tulsa if it is converted to campus space. It would represent a loss of the previously-mentioned $700K per year in property tax plus the loss of a concentrated sales tax collection point. The loss to the city and county would reach into the low millions, would be my guess. Would that be out-stripped by allowing them to serve more college students who might move here from elsewhere and high paying instructional jobs?
Interesting discussion to sift through.