News

Vision Tulsa Timeline

 

Mayor G.T. Bynum and the Tulsa City Council announced the funding timeline for the historic Vision Tulsa economic development projects, with more than 80 percent of the 37 projects funded completely within the first five years. Four additional projects would receive annual appropriations from the 15-year program.

As a result of the work City staff has done to time bond issues for advance funding, the City will be able to fund 80 percent of the projects within the first five years, allowing the City to benefit from the economic impact and growth they'll generate.

"We have an exciting opportunity in Vision Tulsa to transform our community, to build Tulsa into a world-class city that provides our citizens with opportunity and that attracts talent from across the country and around the world.  That work starts today," said Mayor Bynum. "This announcement celebrates the incredible achievement of both the team of City employees and our community leaders, who over nine months developed a timeline that allows Tulsa to begin immediately to fund project design, engineering and construction on the bulk of the projects."

The schedule meets a Mayor/Council goal to construct projects as quickly as possible to ensure the greatest benefit and economic impact possible at the beginning of the 15 year program.  The project timeline is based on currently available information and assumptions, and may require minor changes depending on shifts in projects coming online, city revenue collections and other considerations as the planning process progresses.  However, the City is confident that this timeline reflects both the realistic needs of each project and a cautious approach to future revenue collections.

"This timeline was thoroughly reviewed, to both be conservative in its revenue projections and to meet expectations of Tulsa's citizens when they approved Vision Tulsa in April, 2016," Bynum said. "It was developed by the City's Finance, Public Works, Community Development, and Legal teams, in consultation with the individual project sponsors."

Each Councilor was consulted and played a role in building the timeline, while a diverse, citizen-based Advisory Group was appointed from Tulsa's public and private sectors, including representatives from businesses, community groups and young professionals, to provide a final review of this plan. The group has agreed that the work prepared by City staff provides the best plan to meet Tulsa's needs.

"We are going to be able to get started on all of these projects as quickly as possible, so that really is a testament to the incredible work put in by City staff  -- especially the finance and engineering departments -- as well as everyone else involved," said Tulsa City Council Chair Anna America. "What we developed will allow just about every one of the projects to be constructed as quickly as is practically possible, which means Tulsans will get to start using them sooner, and the city will reap the economic development benefits sooner. It also means we will get to build them cheaper, using today's prices, rather than what would certainly be much higher costs if we had to spread everything out over 15 years."

For Vision Tulsa web updates, visit: www.cityoftulsa.org/vision

Economic Development Projects Receiving Full Funding in the First Five Years Of Vision Tulsa

Zink Dam - $46,000,000
Low Water Dam with Recreational Gates and Flumes

New Pedestrian Bridge - $15,000,000

Mitigation, Bank Stabilization and Outfall Protection - $2,000,000

Turkey Mountain Urban Wilderness - $7,600,000

Levee District #12 Rehabilitation -  $5,000,000
Local Matching Funds

23rd and Jackson Redevelopment Site - $1,000,000
Relocation Study, Design and Acquisition

Gilcrease Museum Expansion - $65,000,000
Cox Business Center and Arena District Master Plan - $55,000,000

Tulsa Fairgrounds - $30,000,000

Airport Infrastructure - $27,300,000

Tulsa Zoo and Living Museum - $25,000,000

Langston University - $16,250,000
Tulsa Healthcare Professions Complex Expansion

BMX National Headquarters - $15,000,000

South Mingo Corridor - $15,000,000

Public Schools -$14,500,000
Safety First Initiative

Peoria-Mohawk Business Park - $10,000,000

Community Health Connection East Clinic - $9,975,000

Air National Guard F-35 Simulator Training Center - $9,400,000

Discovery Lab - $8,000,000
Tulsa Children's Museum Permanent Site

Peoria Connection - $7,000,000
North Peoria Avenue, 56th Street to Mohawk Blvd.

TCC Career Placement - $5,320,000

University Center at Tulsa Authority/OSU Tulsa - $3,600,000

McCullough Park - $3,600,000

Mohawk Sports Complex - $3,500,000

GO Plan - $3,125,000
Priority Projects Identified in Bicycle/Pedestrian Master Plan

Rt. 66 Village Train Depot - $3,000,000

Tulsa Performing Arts Center Trust Planning - $1,000,000

Economic Development Projects Receiving Ongoing Funding Throughout Vision Tulsa

New Trail, East Bank - $4,000,000
101st to Cousins Park - Design and Matching Funds

Capital Equipment - $12,000,000
Non-Public Safety

Citywide and Rt. 66 Beautification and Reinvestment - $11,000,000

Public Schools - $10,000,000
Partnerships with Union, Jenks and Tulsa Public Schools in Teacher Retention, Recruitment and Training

Tulsa Arts Commission - $2,250,000

Economic Development Projects Receiving Funding Later

South Tulsa Dam - $54,714,000
Low-Water Dam and Pedestrian Bridge

East Bank Park, Boat Dock and Abutment Improvements - $3,500,000

Vensel Creek Park and Boat Dock - $2,500,000

East Bank Trail Connection - $1,500,000
Connecting Low-Water Dam to Vensel Creek

Mitigation, Bank Stabilization and Outfall Protection - $2,000,000