Widgets Magazine
Page 2 of 2 FirstFirst 12
Results 26 to 50 of 50

Thread: Investors Capital Building

  1. #26

    Default Re: Investors Capital Building

    That's a lot of TIF money for a building that probably doesn't generate much tax money, but it's also a 113 year old building and I love seeing it restored so I'm not going to complain particularly much.

  2. #27

    Default Re: Investors Capital Building

    I believe part of the money will go to the neighboring county building; $2 million for elevators.

  3. #28
    Join Date
    Jun 2011
    Posts
    6,697
    Blog Entries
    1

    Default Re: Investors Capital Building

    seems a little bit like a boondogle but I'm certainly missing tons of context

  4. #29

    Default Re: Investors Capital Building

    This was from the memo seeking approval from the OKC Economic Development Trust:


    The Project Plan provides that funding can be allocated and provided to the taxing jurisdictions
    existing within the Increment Districts created under the Project Plan. On October 19, 2020, the
    Board of County Commissioners of Oklahoma County (“Oklahoma County”) formally requested,
    via Resolution No. 2020-5070, that the City Council and the Oklahoma City Economic
    Development Trust (“Trust”) provide $6,900,000 to support certain capital needs and capital
    improvements to public facilities owned by the County as identified by Oklahoma County in the
    resolution.

    On June 30, 2021, representatives of Oklahoma County met with City’s internal review committee
    to discuss the request and based on that meeting it is the recommendation of City staff, subject to
    approval of a proposed amendment to the Amended and Restated Project Plan that will raise the
    Project Plan budget by $27,000,000 (to include an increase of $8,000,000 to the “Other Taxing
    Jurisdictions (Except I-89) budget category), that $5,000,000 be allocated to support Oklahoma
    County’s proposed list of projects on a reimbursement basis. Oklahoma County’s Capital Projects
    include improvements to the Investors Capital Building, the Courthouse Campus, the County
    Annex Building, and the County Courthouse.

    On July 14, 2021, the Downtown/MAPS Review Committee convened and found that the request
    of Oklahoma County was reasonable and adopted a Resolution recommending that the City
    Council and Trust approve a budgetary allocation in an amount not to exceed $5,000,000 from the
    Other Taxing Jurisdictions (Except I-89) Budget Category of Increment District No. 2, to support
    the Oklahoma County Capital Projects, subject to approval of certain proposed amendments to the
    Amended Project Plan.

    On October 26, 2021, City Council approved the allocation for the project. Approval of the
    Memorandum of Agreement outlines the terms and conditions for the project funding, including
    incentive use, reimbursement and reporting requirements for the Oklahoma County Capital Project
    in an amount not to exceed $5,000,000. Funding will be provided on a reimbursement basis for
    the following projects:
    1. Investors Capital Building Exterior Envelope Upgrade - $2,000,000
    2. New County Annex Building Elevators - $2,000,000
    3. County Annex Building Security Projects - $750,000
    4. County Annex Building Front Entrance Improvements - $250,000

  5. #30

    Default Re: Investors Capital Building

    Any update/progress on this?

  6. #31

    Default Re: Investors Capital Building

    Quote Originally Posted by therhett17 View Post
    Any update/progress on this?
    I believe they now have all the funding so hopefully we'll soon see some progress.

    I was down there last week and didn't bother to post photos because nothing had changed.

  7. #32

    Default Re: Investors Capital Building

    Originally, the plan was to restore the building to its original facade.

    Now, it looks like they plan to completely modernize it:








  8. #33

    Default Re: Investors Capital Building

    While I normally wouldn't automatically be a fan of doing something like that, assuming those are bricks I think that'll look fantastic.

  9. #34

    Default Re: Investors Capital Building

    Why the change?

  10. #35

    Default Re: Investors Capital Building

    Quote Originally Posted by PhiAlpha View Post
    Why the change?
    My guess is they ran into issues trying to restore the original facade which has been hidden behind various materials for decades.


  11. #36

    Default Re: Investors Capital Building

    Well that just looks like a completely different building. I do like the dark brick look, though.

  12. #37

    Default Re: Investors Capital Building

    The large window openings are great. Would love to work in one of those offices.

  13. #38

    Default Re: Investors Capital Building

    It will be interesting to see how the tenant mix changes. Right now, the place is not very nice and a the rent isn't very high. Will they move everyone out for the remodel? Looks substantial.

  14. #39

    Default Re: Investors Capital Building

    This will ruin the parking garage canopy along Kerr.

  15. Default Re: Investors Capital Building

    Quote Originally Posted by Mississippi Blues View Post
    This will ruin the parking garage canopy along Kerr.
    Explain? I'm not clear on how changing the facade on this building has anything to do with that.

    I'm not always a fan of re-facades because you do lose that point in time example of whatever it is the place had. But this building i think lost that way too long ago already. Seeing what's under it right now with a mix of cinderblock and brick, it's not a good look. If it had any character, it's long gone. This will definitely make this old girl look a tone better. I always hope windows and roof come with a new facade. It's a shame to do the facade without doing those too.

  16. #41

    Default Re: Investors Capital Building

    Quote Originally Posted by bombermwc View Post
    Explain?
    Is a joke

  17. Default Re: Investors Capital Building

    oh ok...i was not following that..lol

  18. #43

    Default Re: Investors Capital Building

    Quote Originally Posted by Pete View Post
    Originally, the plan was to restore the building to its original facade.

    Now, it looks like they plan to completely modernize it:







    That looks sexy. Beautiful design.

  19. #44

    Default Re: Investors Capital Building

    This project will be before the Downtown Design Review Committee 11/21.

    Some additional info and renderings:










  20. #45

    Default Re: Investors Capital Building

    Such a tragedy to hear that one firm's decisions in renovation caused such extensive damages. But I don't mind the rendered design, I actually think it will make the interior feel a lot more open and inviting.

  21. #46

    Default Re: Investors Capital Building

    Unless I misunderstood what I heard, the District Attorney’s office will be moved here once completed. That could have changed, but that was my understanding. They moved out of the courthouse annex building a few months ago to wait for renovation.

  22. #47

    Default Re: Investors Capital Building

    An article in the Oklahoman has confirmed that the only tenant with be the Oklahoma County DA’s office.

  23. #48

    Default Re: Investors Capital Building

    I had no idea Oklahoma County has owned this building since the 1980s.

  24. #49

    Default Re: Investors Capital Building

    Quote Originally Posted by Dob Hooligan View Post
    I had no idea Oklahoma County has owned this building since the 1980s.
    I wasn’t sure when the county bought it, but I’ve known since the early 80s when I was in law school. The court clerk has stored older records in the basement for decades. I had to go there several times researching some old cases.

  25. Default Re: Investors Capital Building

    They're going to be the envy in terms of office space after this is done, compared to the rest of the courthouse annex space. Both the county (way worse) and the federal ones, are sad. I know they're working on the federal ones, but they do seem to be taking their sweet time to make any progress there.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Emerging business in OK? Need investors?
    By Goodengroup in forum Current Events & Open Topic
    Replies: 1
    Last Post: 01-05-2011, 12:49 PM
  2. Investors wanted
    By badfish77 in forum Businesses & Employers
    Replies: 5
    Last Post: 09-01-2008, 09:14 PM
  3. Angel/VC Investors for Start Up
    By venture in forum Businesses & Employers
    Replies: 0
    Last Post: 07-05-2007, 09:44 PM
  4. Shinn seeking local investors
    By Decious in forum Sports
    Replies: 16
    Last Post: 12-20-2005, 05:48 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO