Block 405 Resort

[Pete]

The land is deeded to Central Urban Development LLC and is exempted from taxes? I'm not familiar with Central Urban Development. Is it basically OKC Urban Renewal Authority?

It doesn't appear that Adudell nor Wooley are the owners of the property yet. I have to wonder if the named partner John Wooley is either the father or son from Edmond?

It does sound like a very cool concept.

It's owned by a nonprofit that has done a lot of home development in the JFK area of NE OKC.

Here is a story about them:

https://www.oklahoman.com/story/busi...t/60461714007/

[WattsOKC]

This was supposed to go to the Economic Council vote on the 18th I thought, but it didn't go. I wonder if it's postponed or if it's off the agenda for other reasons.

[Pete]

This was supposed to go to the Economic Council vote on the 18th I thought, but it didn't go. I wonder if it's postponed or if it's off the agenda for other reasons.

It was never officially on the agenda, so there was no action (like delaying/postponing) in yesterday's meeting.

It was on the agenda for the first round of approval, which was the 6/28 Northeast Renaissance Redevelopment Increment District Review
Committee (TIF) meeting.

Resolution of the Northeast Renaissance Redevelopment Increment District Review
Committee recommending approval of an allocation not to exceed $3,800,000 from Tax
Increment District No. 9 Retail and Commercial Development budget category in support
of The Block405 Resort Project located at 3601 N. I-35 Service Road in Oklahoma City,
which project consists of the redevelopment of approximately 42 acres of property and
total investment of $32,500,000 to include 200 RV slips, 45 cabins, 4 train cars, 6
treehouses, 13,000 sq ft of retail space, a welcome center, event center, restaurant, and
outdoor recreation facilities.
Presented by: Joanna McSpadden, Economic Development Program Manager
Motion: Butch Freeman, 2nd Ray Douglas to approve the Resolution.
Ayes: Mayor David Holt, Butch Freeman, Craig Woodruff, Aaron Collins, Ray
Douglas, John Pettis, Jr.
Nays: None
Absent: Scott Randall, Dr. Rick Cobb, Dr. Patrick McGough, Nick Gales, Avis
Scaramucci
Action: Resolution Approved.

[Pete]

Doesn't look like this is going forward; withdrew TIF request and developers 'are taking a step back to reevaluate'.

https://www.oklahoman.com/story/news...s/70672302007/