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Author Topic: Oklahoma City MAPS 4 $978 milion Development Projects  (Read 4332 times)
Laramie
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« Reply #15 on: July 31, 2021, 09:04:30 am »





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Laramie
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« Reply #16 on: September 21, 2021, 02:42:25 pm »



Oklahoma City Metropolitan Area Projects [MAPS 4]





City Council approved the MAPS 4 Implementation Plan and schedule on September 14, 2021. The plan serves as the guiding document for the program scope, project scheduling and budgets.

Adoption of the Implementation Plan is an important milestone, letting the next stages of organization and planning for MAPS 4 to get under way.

The 11-person MAPS 4 citizens advisory board meets at 10:30 a.m. on the first Thursday of each month to make recommendations for City Council approval. The City Council meets at 8:30 a.m. every other Tuesday, and typically will consider Advisory Board recommendations at the first meeting after the board's decision. Visit okc.gov/agenda for meeting agendas.

Oklahoma City voters approved the sales tax to fund MAPS 4 in a special election on Dec. 10, 2019, moving forward with a unique and ambitious plan to transform our community. The temporary penny sales tax funding MAPS 4 began April 1, 2020, and ends in 2028.--City of Oklahoma City.

Strategic Assessment – Potential New Fairgrounds Coliseum at State Fair Park in Oklahoma City:  https://okcfairgrounds.com/uploads/executive-summarynov18.pdf


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« Reply #17 on: September 23, 2021, 06:41:25 pm »



Paycom Center arena update pic







Crews work on the exterior drum portion of the arena



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« Reply #18 on: September 23, 2021, 06:58:03 pm »



Paycom Center arena update pic



Interior portion of the arena


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« Reply #19 on: October 03, 2021, 01:39:09 pm »


     Paycom Center (Exterior Lighting)
       Ready for Opening Night





https://twitter.com/i/status/1444727015748341760


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« Reply #20 on: October 06, 2021, 04:03:56 am »



Paycom Center Night Pics via OKCTalk.com

          

          

          

City of Oklahoma City's MAPS 4 Initiative passed in March 2019 included $978 million 16 projects package:

$115 million budgeted for the Paycom Center renovations ($104 million)  and related includes Integris Health
Thunder Development Center ($11 million).  

Paycom Center and the practice facility are owned by OKC and leased back to Thunder ownership group, they
are responsible for operations for both the Thunder and NBAGL

OKC Blue development team facility in Edmond.  The OKC Blue scheduled most of their games in the Paycom
Center (moved form the former OKC Convention Center now Prairie Surf Studios).





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« Reply #21 on: November 10, 2021, 03:40:02 am »









[Project Budget increased from $14 million to $16 million]
Rendering of new facility


Oklahoma City’s MAPS 4 implementation plan has one less project after the City Council voted Tuesday to shift $2 million in funding away from the Freedom Center renovation (Pictured below) to the Clara Luper Civil Rights Center (Pictured above).--Oklahoman, November 10, 2021


Historic Freedom Center to be renovated with private funds.


Mrs. Clara Luper led an effort to desegregate businesses across Oklahoma City, beginning with Aug. 19, 1958, sit-in at Katz Drug Store (Downtown) where she and 12 students were repeatedly refused service.



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« Reply #22 on: December 20, 2021, 04:48:15 am »


INNOVATION DISTRICT






Developers of Convergence, a $178 million mixed-use anchor for the Innovation District, are set to move forward with $13.75 million in tax increment financing and are hoping to win a $10 million MAPS 4 matching grant for construction of a community innovation hall.--Lackmeyer, 12-20-2021.  To read the full story, pick up a copy of the Oklahoman.

MAPS 4 - INNOVATION DISTRICT $71 million
For the purpose of transforming our entrepreneurial ecosystem to create jobs and foster a more diverse economy, it is the intent of the Council to pursue several projects at the Innovation District in near northeast Oklahoma City.

According to Cathy O'Conner “It is a large commercial investment ... the largest we’ve had to date in the Innovation District. It will help jump-start the whole research development ecosystem in Oklahoma City.”  O'Conner also stated that the trust has money to provide the $13.75 million up front to ensure Beffort and Tanenbaum’s BT Development qualifies for $33 million in new markets tax credits.

Business Wire https://www.businesswire.com/news/home/20201222005716/en/New-Development-for-Cross-Sector-Innovation-and-Advanced-Technology-Collaboration-in-Oklahoma-City-Innovation-District-Gardner-Tanenbaum-and-Robinson-Park-Investments

Project $178 million
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« Reply #23 on: March 01, 2022, 05:45:36 pm »


   Oklahoma City downtown Scissortail Park


     Via OKCTalk.com

       Via Velocityokc.com - https://www.velocityokc.com/blog/lifestyle/park-yourself-at-scissortail-park/?back=super_blog

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« Reply #24 on: March 01, 2022, 07:04:41 pm »

                    

                    Oklahoma City Council approves transfer of $80 Million to MAPS 4 Investment and Operating Trust
                    Funds will provide for long-term operations and maintenance
                    Post Date:03/01/2022 3:30 PM

                   The Oklahoma City Council on Tuesday voted to approve a transfer of $80 million from Oklahoma City MAPS 4
                   sales tax collections to the administration of the MAPS 4 Investment and Operating Trust.  

                  These funds will be invested and managed to provide a steady funding stream for the operations and
                  maintenance of some MAPS 4 projects long after the temporary MAPS 4 sales tax collection has concluded.

                  In December 2019, voters approved MAPS 4 with 72 percent of the vote. This fourth iteration of the MAPS
                  program included for the first time this innovative new wrinkle, and in total, $110.5 million in MAPS 4 funds are set
                  aside for this purpose.  

                  The management of the funds is being overseen by the MAPS 4 Investment and Operating Trust.  

                  A conservative spending policy is provided for and will ensure that the distributions are consistent year-to-year
                  and do not diminish the original funds.

                  “MAPS 4 was designed to not only build up our city with capital projects but also to sustain those projects for the
                  long-term,” said Oklahoma City Mayor David Holt. “With the first transfer of funds to the MAPS 4 Investment and
                  Operating Trust, today marks a notable development in the MAPS 4 program. I’m very proud of this fiscally prudent
                  approach that I think will become a national model, and I know future policymakers in our city will appreciate it deeply.  
                  I’m grateful to City staff and members of the Trust for their input and oversight throughout this process.”

                  Tuesday’s transfer is the first, as scheduled by the MAPS 4 Implementation Plan previously adopted by Council.  The
                  remaining funds are scheduled to be transferred at a later date.  The eventual investment proceeds from the $80 million
                  transferred Tuesday will support MAPS 4 projects as identified below:

                
                       $21 million for the operations of the Henrietta B. Foster Center for northeast small business development and
                       entrepreneurship and an innovation hall to facilitate activities to grow the City’s innovation economy.

                       $15 million to provide financial assistance for low-income seniors using the MAPS 3 and MAPS 4 Senior Health
                       and Wellness Centers.

                       $5 million for the operations and maintenance of MAPS 4 Beautification projects. The operating fund will
                       provide permanent City staff dedicated to beautification. The maintenance fund will provide ongoing maintenance
                       as funds allow.

                       $9 million for the operations of the MAPS 4 Clara Luper Civil Rights Center. The MAPS 4 Civil Rights Center is
                       anticipated to be an interpretive museum and community gathering space.

                       $30 million for the operations of the MAPS 4 Youth Center..

                  “Continuing to invest in MAPS programs keeps our city moving forward,” MAPS 4 Investment and Operating Trust Chair
                  Teresa Rose said. “These funds will not only help support day-to-day operations for these MAPS 4 projects, but also
                  ensure the long-term success of the initial investment by providing crucial support for maintenance and beautification
                  initiatives.”

                  The MAPS 4 Citizens Advisory Board recommended approval for transferring sales tax collection funds on February 9, 2022.
                  The 2019 MAPS 4 Resolution states the intent of the Oklahoma City Council to allocate MAPS 4 sales tax collections to a
                  fund to provide for the operations and maintenance of several MAPS 4 projects.

                  MAPS 4 uses cash to fund 16 debt-free, pay-as-you-go projects. You can view the MAPS 4 Implementation Plan, MAPS
                  4 Program Schedule, and projects at okc.gov/maps4.

            About MAPS 4

                  MAPS 4 is a debt-free public improvement program funded by a temporary penny sales tax that will raise a projected $978
                  million over eight years.

             Oklahoma City voters approved the sales tax to fund MAPS 4 in a special election on Dec. 10, 2019, moving forward with a unique
             and ambitious plan to transform our community. The temporary penny sales tax funding MAPS 4 began April 1, 2020, and ends
             in 2028.

             More than 70 percent of MAPS 4 funding is dedicated to neighborhood and human needs. The rest is for quality of life and
             job-creating initiatives. The MAPS 4 Citizens Advisory Board and its six subcommittees will guide MAPS 4 planning and implemen-
             tation, making recommendations to the City Council. The Council has final authority on MAPS 4.  

             The MAPS Investment and Operating Trust will develop a strategic investment plan to support long-term sustainable funding for
             MAPS 4 projects' operational expenses and maintenance.

             Visit https://www.okc.gov/government/maps-4/ for more.


          

          
                    Oklahoma City Innovation District/Innovation Hall & Hotel.

                         MAPS 4 would create Innovation Hall, a structure that would serve as the district’s epicenter with eating places, meeting rooms
                         and public spaces that foster social interaction. Other MAPS 4 projects would make improvements to the NE 10th Street bridge
                         spanning Interstate 235 to allow for pedestrian traffic and link the area with downtown Oklahoma City.
 
                         The plan would also provide for the renovation of Washington Park at 400 N. High Ave., as well as the renovation of the Henrietta
                         B. Foster Center to create a minority entrepreneurship center.


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« Reply #25 on: March 15, 2022, 04:25:56 pm »

City Council approves MAPS 4 plans for new seating at Paycom Center

    

The Oklahoma City Council voted Tuesday (March 15, 2022)  to approve final plans and specifications for new seating at Paycom Center as a part of MAPS 4.

The City of Oklahoma City selected global architectural design firm, Populous, to develop a master plan for the renovations at Paycom Center

The plans include new seats ranging from 19-inch fabric seats to 21-inch seats faux leather seats that offer taller backs and cup holders for a more comfortable guest experience that is standard in comparable arenas...

...“These targeted efforts will help define the next generation of entertainment in Oklahoma City,” General Manager for ASM Global OKC said. “We look forward to modernizing the venue and elevating experiences for the guests, tours, and teams at Paycom Center.”    

Link from City of Oklahoma City: https://www.okc.gov/Home/Components/News/News/4070/18?utm_medium=email&utm_source=govdelivery

Project budget:  $105 million


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« Reply #26 on: April 14, 2022, 09:08:55 pm »


Oklahoma City Council Approves Transfer of $80 Million to MAPS 4 Investment & Operating Trust

                                


     The Oklahoma City Council on Tuesday voted to approve a transfer of $80 million from Oklahoma City MAPS 4 sales tax collections to the
     administration of the MAPS 4 Investment and Operating Trust.  

     These funds will be invested and managed to provide a steady funding stream for the operations and maintenance of some MAPS 4 projects
     long after the temporary MAPS 4 sales tax collection has concluded.

Tuesday’s transfer is the first, as scheduled by the MAPS 4 Implementation Plan previously adopted by Council.  The remaining funds are scheduled to be transferred at a later date.  The eventual investment proceeds from the $80 million transferred Tuesday will support MAPS 4 projects as identified below:

    $21 million for the operations of the Henrietta B. Foster Center for northeast small business development and entrepreneurship and an innovation
     hall to facilitate activities to grow the City’s innovation economy.

    $15 million to provide financial assistance for low-income seniors using the MAPS 3 and MAPS 4 Senior Health and Wellness Centers.

    $5 million for the operations and maintenance of MAPS 4 Beautification projects. The operating fund will provide permanent City staff dedicated to
    beautification. The maintenance fund will provide ongoing maintenance as funds allow.

    $9 million for the operations of the MAPS 4 Clara Luper Civil Rights Center. The MAPS 4 Civil Rights Center is anticipated to be an interpretive
    museum and community gathering space.

    $30 million for the operations of the MAPS 4 Youth Centers.

     MAPS 4 Initiatives ($978 million) includes 16 projects:

              Parks ($140 million)
              Youth Centers ($110 million)
              Senior Wellness Centers ($30 million)
              Mental Health and Addiction ($40 million)
              Family Justice Center operated by Palomar ($38 million)
              Transit ($87 million)
              Sidewalks, bike lanes, trails and streetlights ($87 million)
              Homelessness ($50 million)
              Paycom Center and related facilities ($115 million)
              Animal Shelter ($38 million)
              Fairgrounds Coliseum ($84 million) Received $9 million from MAPS Surplus Funds and future Hotel Room Sales Tax Funding
              Diversion Hub ($17 million)
              Innovation District ($71 million)
              Clara Luper Civil Rights Center ($25 million)
              Beautification ($30 million)
              Multipurpose Stadium ($37 million)

« Last Edit: April 14, 2022, 09:30:14 pm by Laramie » Logged

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« Reply #27 on: April 14, 2022, 09:35:30 pm »

 
                                 


Oklahoma City State Fair Complex

                            


                         The OKC Fairgrounds is a 435-acre parcel of land owned by the City of Oklahoma City and is managed by Oklahoma State Fair, Inc
                         through a long-term management agreement. We work closely with the City of Oklahoma City to provide a 21st Century Tourism
                         Destination and a place where the community can come together to enjoy a wide variety of family-friendly events and activities.
                         One of our goals is to create economic development for the City of Oklahoma City through tourism. This goal is accomplished by
                         hosting 200 events annually. For the past three years, these events have produced over $325 million annually in direct spending
                         into the Oklahoma City economy. For that same time period, our attendance has averaged more than 2.15 million visitors annually.

                         Surveys have shown that of the visitors to the OKC Fairgrounds, 53% are our neighbors from right here in the Oklahoma City
                         community and 47% are out-of-town guests. In all, over 170,000 hotel room nights are generated annually from events at the    
                         OKC Fairgrounds.--Velocity,

                         The City of Oklahoma City receives over $13 million annually from sales tax revenue generated by OKC Fairgrounds events.

                                MAPS 4 OKC Fairgrounds Coliseum

                              

                 Video:  https://www.koco.com/article/oklahoma-city-coliseum-84-million-revamp/38586045



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