I saw a segment with video and interviews about this on the late KFOR news and here is Steve's story about it.

http://m.newsok.com/officials-create...rticle/5380466

Creation of an urban renewal zone in northeast Oklahoma City was passed Tuesday by a split Oklahoma City Council that debated whether the effort would truly benefit the area’s residents and business owners.
Discussion was heated at times as Ward 7 Councilman John Pettis, who represents northeast Oklahoma City, reminded urban renewal opponent Ed Shadid, Ward 2 councilman, that his uncle Charlie Shadid owns two of the largest blighted commercial properties in the proposed new zone.
This is the KFOR segment.

http://kfor.com/2014/12/30/hope-that...northeast-okc/

I'm not sure if this is something new that hasn't been talked about here before.

The city also proposed more changes in the area, which could bring millions of dollars in tax revenue for Ward 7. That proposal will go before the council for a vote in January.