New ARENA as part of entertainment District

[TINY]

The tif district is all that corridor including target, crest, hotels, the main event, doctors offices…. This is not creating a new district just for the stadium project. Technically there was already a plan for that section with condos and more shopping areas, they just updated it to include the stadium.

I thought the TIF district is only referencing the new builds on the open field? Only sales tax generated from this area alone would go toward the debt.

 

[snydrosooner]

I thought the TIF district is only referencing the new builds on the open field? Only sales tax generated from this area alone would go toward the debt.

My understanding is adding to original tif already created. I think that was how they got around going to vote of the people in first place. I definitely could be wrong though.

 

[BoulderSooner]

My understanding is adding to original tif already created. I think that was how they got around going to vote of the people in first place. I definitely could be wrong though.

generally speaking TIF districts don't require a vote of the people ..

 

[BoulderSooner]

My understanding is adding to original tif already created. I think that was how they got around going to vote of the people in first place. I definitely could be wrong though.

https://www.normanok.gov/sites/default/files/documents/2024-08/project_plan_entertainment_district.pdf

the already developed part of UNP is not part of this TIF ..

 

[snydrosooner]

https://www.normanok.gov/sites/default/files/documents/2024-08/project_plan_entertainment_district.pdf

the already developed part of UNP is not part of this TIF ..

Interesting. I just assumed it was part of Same one. You now have a Tif district inside a tif district. Was doing sone research and same location was proposed for the Warren and Costco at one time. Others in Norman as well. Both eventually went to Moore.

 

[aliasou]

Interesting. I just assumed it was part of Same one. You now have a Tif district inside a tif district. Was doing sone research and same location was proposed for the Warren and Costco at one time. Others in Norman as well. Both eventually went to Moore.

This is one of the reasons we need something to spark the area. Growth has been at a snails pace. I dont see how it wouldn't be a net positive for other surrounding areas as well.

 

[sooner333]

The original TIF was wrapped up, I believe, and no longer in effect. (Norman City Council approves MOU to end UNP TIF)

I think the Costco issue was the exit at Indian Hills Road, where they wanted to build, is atrocious. Not sure about the Warren.

 

[BoulderSooner]

The original TIF was wrapped up, I believe, and no longer in effect. (Norman City Council approves MOU to end UNP TIF)

I think the Costco issue was the exit at Indian Hills Road, where they wanted to build, is atrocious. Not sure about the Warren.

moore gave incentives to both costco and the warren that norman didn't have interest in

 

[BoulderSooner]

this is not on the agenda for todays meeting

 

[AnotherSoonerInTX]

this is not on the agenda for todays meeting

So it's business as usual until otherwise noted.

Let's get those shovels in the ground!

 

[aliasou]

If you want to read it from the mouth of our esteemed mayor. Too long to even screenshot and i am too lazy to pick parts: Facebook

 

[BoulderSooner]

Legal counsel has made it clear that the City Council trying to outright repeal the existing ordinance could expose the city to significant litigation, with potential claims tied to hundreds of millions of dollars in projected investment. Whether likely or not, it’s still something the Council has to weigh carefully.

and this is what they are looking into ..

That is why we will also be discussing potential legal action to seek a declaratory judgment on a key question, whether the Council has the authority to send a measure to voters that would either repeal or affirm the Council’s September 2024 decision approving the Rock Creek Entertainment District TIF. This step would provide clarity before taking any action that could carry significant consequences for our city.