Tulsa World: In the end there can be only one
Don’t expect three new outlet malls, Tulsa officials say
“There is not going to be three outlet malls; there is only going to be one,” City Councilor Skip Steele said last week.
The question for the city, Bird said, is to determine whether it is prudent to provide financial incentives to the developers and, if so, what kind.
Typically, those incentives come in the form of sales-tax reimbursements, Tax Increment Finance Districts or a similar funding mechanism, for the construction of public infrastructure.
“So it really is a race against time and where it is going to go,” Steele said. “It is really important that we get it (the outlet mall) in Tulsa first, because it is $4 million in sales tax on an annual basis that goes into the city’s general fund.”