TULSA, OK (KTUL) — The Tulsa Development Authority has been awarded a $990,000 grant from theKirkpatrick Heights-Greenwood Master Plan.
The grant from the U.S. Department of Transportation’s (DOT) Innovative Finance and Asset Concession Grant Program (IFACGP) is part of a larger $49.46 million initiative to boost urban infrastructure through President Biden’s Bipartisan Infrastructure Law.
“This grant represents yet another critical milestone in our collective efforts to secure the resources necessary to implement the community-led vision outlined in the Kirkpatrick Heights-Greenwood Master Plan,” Mayor G.T. Bynum said. “The magnitude of the Plan will require using every tool in our toolbox, and we’re eager to leverage our work through this program to ensure we take advantage of federal financing opportunities.”
PartnerTulsa will be able to explore options for transit-oriented development while implementing theKirkpatrick Heights-Greenwood Master Plan.
“The vision outlined in the Kirkpatrick Heights-Greenwood Master Plan represents Tulsa’s desire to build a vibrant, well-connected neighborhood that preserves the history of Greenwood and creates meaningful opportunities for wealth building and community ownership,” said Jonathan Butler, Senior Vice President of Community Development for PartnerTulsa. “PartnerTulsa is committed to working alongside the current Advisory Committee and planned Community Development Corporation to leverage this grant to build organizational capacity and leverage public-private partnership opportunities. This funding allows us to unlock the full potential of our existing assets and create new opportunities for growth.”
The money will be allocated over 3 years and will support the following initiatives.
- Staffing: Hiring dedicated personnel to lead grant initiatives, manage external partnerships, streamline processes and coordinate efforts with state and federal entities.
- Expert Analysis: Retaining external experts to conduct financial, environmental, and equity analyses, as well as develop policy recommendations and strategic plans for asset management.
- Policy Development: Working with stakeholders to create and implement policies that maximize value from underutilized public assets through asset concession arrangements and investment of private capital.
For more information on the Kirkpatrick Heights Greenwood Master Plan, visit partnertulsa.org/khgmp.