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Our Projects
The law firm serves as development counsel principally on projects
located in
Oklahoma, and has also served as development counsel on projects in the upper mid-west.
The firm’s recent work includes several economic development projects
utilizing tax increment financing, including:
| The
University
of
Oklahoma Health Science
Center (OUHSC) is a campus of hospital, health service, research and
medical education facilities serving the state and region.
Since 1966, it has grown from a 20 to 240 acre center under a
master plan for land acquisition and development resulting in $1 billion
in new investment and addition of more than 10,000 new jobs.
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| The Oklahoma Health Center Economic Development Project
supports the development and expansion of the OUHSC by the creation of the
Presbyterian
Health
Foundation
Research
Park, a bio-tech park, where new investment exceeds $125 million and is
estimated to double over the next five to ten years. New payroll is
approximately $50 million a year and will increase to more than $100
million per year within five to ten years.
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| Oklahoma City’s Downtown Central Business District Redevelopment Program,
administered by its Urban Renewal Authority, has generated more than $1
billion in new development and is responsible for many of the landmark
buildings and attractions in downtown
Oklahoma City, including Leadership Square
and Myriad
Gardens.
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| Oklahoma City’s Downtown/MAPS Economic Development Project aims to maximize the
private development potential generated by the Metropolitan Area Projects. The
goal is to stimulate at least $200 million in new private investment and
development of residential properties and $100 million in additional hotel, retail
or commercial ventures. In addition, the project should spur some $150
million in additional public and private nonprofit development.
The firm has played a leading role in the development of the
Bricktown
Entertainment
Center, helping to transform a nearly abandoned industrial area into one of Oklahoma’s premier destinations.
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| The Guymon-Seaboard Economic Development Project
began in 1992 as the first TIF project in Oklahoma. At a cost of $120 million, Seaboard built a state-of-the-art
pork-processing facility on the location of a Swift beef-processing plant,
defunct since 1987. As a result of this project, approximately 5000 new
jobs have been created in
Texas
County, and the Seaboard plant itself generates a payroll of $45 million a year.
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| The Durant-Cardinal Economic Development Project
consists of a business and industrial park, anchored by a $100-million glass
manufacturing facility constructed by Cardinal Glass Industries. The plant
will employ at least 250 people, with an estimated payroll of over $10
million a year. The project is expected to attract additional investment
of some $50 million and to generate an additional 120 full-time-equivalent
jobs.
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| The Midwest City Downtown Redevelopment Project
includes the redevelopment and revitalization of the city’s original
downtown area. The vision is to create “Town Center Plaza at Midwest
City,” as a 90-acre, mixed-use development combining large and small
retailers and restaurants with office, hotel and residential properties,
as well as parks, plazas and green spaces—in a “main street” or
“town square” atmosphere. Between 500 and 1,000 new jobs are expected
within seven years, with direct payrolls ranging from $7.5 million a year
in the near term, to over $15 million upon project completion.
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| The Norman Campus Corner Revitalization Project is
reclaiming a significant landmark area of Norman, returning Campus Corner to a commercially vibrant shopping and retail
destination and advancing its potential for tourism. Public investments,
which include enhancements to utilities, streetscape, landscape, signage
and sidewalks, are stimulating private investment by current business
owners as well as new businesses. The result is a source of pride for the
City of
Norman
.
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| The Shawnee Downtown Revitalization Project
constitutes that city’s strategy for funding streetscape improvements and
beautification of its historic downtown area. The aim is to use these
public investments to stimulate corresponding private investment in the
area, primarily for renovation and restoration of existing buildings and
facades. Included in the plan is the redevelopment of the historic
Aldridge Hotel building to provide affordable senior housing for the
community. The estimated public investment is $5 million.
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| The Tecumseh Community Enhancement Project is the
financial component of a strategy for revitalization of
Tecumseh, designed to stimulate commercial, retail and service-oriented
redevelopment, as well as to improve public property, including schools
and parks. The goal for total private investment is $15 million to
supplement $1.5 million in public investment from tax increments. |
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