Okmulgee Area Development Corporation

New - Retail Development Site

Download the complete RFP

Community Analysis and Demographic Information

Okmulgee Area Development Corporation (OADC) is seeking a retail/site development entity to develop a tract of prime retail property located on the northern edge of Okmulgee, Oklahoma.  We have composed a request for proposal process to award an agreement between OADC and a development organization to construct and manage a retail/commercial services outlet.

OADC has supplied details outlining the available property with regional details of the realistic market for this tract.  In late 2010 a Holiday Inn Express opened and have enjoyed occupancy levels exceed their initial projections. 

1. This is a 30 acre Certified Brownfield site located on Highway 75 on the northern edge of Okmulgee Oklahoma – a suburb of Tulsa, second largest city in Oklahoma.
2. Certified Brownfield
3. New Market Tax Credits – 39% credit based on investment over 7 year period
4. *Former Indian Reservation Lands – approximately 40% accelerated depreciation & up to $4,000 per qualifying employee - *pending federal renewal
5. Tax Increment Financing – TIF district
6. Adjacent to Muscogee (Creek) Nation national headquarters – 1,500 employees
7. 29,000 cars per day pass intersection
8. Home of Oklahoma State University Institute of Technology
9. All utilities available
10. Aggressive property pricing - based on investment and overall proposal - $30k per acre initial value

Download the complete RFP

Community Analysis and Demographic Information