Tulsa International Airport has big plans for economic development. A public hearing at the courthouse outlined five proposed tax increment financial districts to support the project. Airports Director Jeff Mulder says the project could mean $900-million dollars in new economic growth.
Target developments are industrial, aerospace, hotels, and retail. Tulsa County and city leaders must sign on to create the TIF districts for development. TIF’s have been used before, but since this is public land and a city-county project, it is new to the state of Oklahoma.