Vision 2025 bonds to be issued


Saturday's Whirled has a story (starts here, continued here), about the Tulsa County Industrial Authority issuing about $240 million (possibly as high as $275 million) in revenue bonds, borrowing against the additional 13 year sales tax Tulsa County will begin collecting on January 1. According to the story, nearly every Vision 2025 project will receive partial funding. Receiving full funding: parks, community centers, trails, and infrastructure for the American Indian Cultural Center and the Owasso Medical Complex, higher ed projects (except Langston), Morton Health Center. Other projects, including the convention center and arena, will receive partial funding for engineering studies, architectural work, and site acquisition.

The Oklahoma Aquarium "project" is the one item that will be pay as you go, since that project is really just paying down that facilities debt.

Meanwhile, it appears that actual river development is still years away:

The Arkansas River projects are on hold until the results of a first-phase river study, overseen by the Indian Nations Council of Governments, is complete in May.

Jerry Lasker, executive director of INCOG, said the first phase will determine the location of the low-water dams and identify development areas.

The second phase of the river study is due in May 2005 and will provide more details on the course of riverfront development.

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This page contains a single entry by Michael Bates published on November 16, 2003 7:29 AM.

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