TIF Districts

[BoulderSooner]

That is unbelievable...but I believe it. That is right out of the Devon playbook, except Devon loaned the City the money to give back to them and then collected the interest from the City. Almost sounds like money laundering.

devon loaned the city money to complete street scape projects and a giant renovation to the myriad gardens .. not to " give back to them"

[Pete]

devon loaned the city money to complete street scape projects and a giant renovation to the myriad gardens .. not to " give back to them"

As a condition of building in OKC (they threatened to go to Houston) Devon insisted all their property and sales tax be spent on the Myriad Gardens and Project 180, and while 60% of P180 was cut, everything around Devon HQ was completed and completed first.

They merely loaned all the money to the city upfront (with interest) so all that work would be done around the time they opened their building.

[BoulderSooner]

As a condition of building in OKC (they threatened to go to Houston) Devon insisted all their property and sales tax be spent on the Myriad Gardens and Project 180, and while 60% of P180 was cut, everything around Devon HQ was completed and completed first.

They merely loaned all the money to the city upfront (with interest) so all that work would be done around the time they opened their building.

no doubt

but they also could have just requested the max tif for just their building infrastructure and parking and not used it for the public good ... and P180 being scaled back doesn't really have anything to do with Devon

[Pete]

no doubt

but they also could have just requested the max tif for just their building infrastructure and parking and not used it for the public good ... and P180 being scaled back doesn't really have anything to do with Devon

It has to do with them because Nichols sat on the committee that determined the priorities of P180 and all the stuff that benefitted Devon got done.

They also got a sweetheart deal on the propety which was owned by the city.


But, it is absolutely fair to say they didn't take TIF and put it in their own pocket. And I've said many times that Larry Nichols has done more to reshape downtown than anyone. But everything accomplished was with money from Devon or the city, not him personally (although he did make a personal donation to complete Centennial Park).

[BoulderSooner]

It has to do with them because Nichols sat on the committee that determined the priorities of P180 and all the stuff that benefitted Devon got done.

They also got a sweetheart deal on the propety which was owned by the city.


But, it is absolutely fair to say they didn't take TIF and put it in their own pocket. And I've said many times that Larry Nichols has done more to reshape downtown than anyone.

that is fair ..

i just meant when it comes to the P180 forecast/project cuts ect ... that they didn't run that project the city public works did ..