Today the land for the Native American Cultural Center, on the banks of the Oklahoma River will be sold. This is the first step to getting this fine attraction on the Oklahoma River.
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"City Council prepares to approve land sale for Indian center
by Brian Brus
The Journal Record
4/26/2005
The Oklahoma City Council is expected to approve a sale today of 279 acres to the Native American Cultural and Educational Authority to develop an American Indian cultural center along the Oklahoma River.
The $355,000 deal involves Oklahoma City providing government grant money to the authority which, in turn, will be used to purchase the land from the city, City Hall spokeswoman Karen Farney said.
The price seems low for such a large tract, but the land was originally designated for park use and appraised as such, she said. And the circular nature of the grant funds and sale is due to the city's legal constraints involving the gifting of park land.
The land is on either side of the river between Interstate 35 and Reno Avenue. It was acquired with proceeds from a 1950 general obligation bond sale.
In 1996, the city and the Riverfront Redevelopment Authority began working with the Native American Cultural and Educational Authority to develop the center as a major tourist attraction.
Subsequent agreements required the authority to prove it could finance at least $20 million of the project.
The authority has received authorization from the state Legislature for $33 million in bonds to be issued by the Oklahoma Capital Improvement Authority, City Manager Jim Couch said. Farney said the bonds are expected to be sold in May, after which work on the center can begin.
The price tag on the total project is expected to be more than $100 million, officials have said.
The center has been promoted as an interpretative museum and not just a showcase for artifacts. The Oklahoma Historical Society has already helped center planners apply for affiliation with the Smithsonian Institute."
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