My 2 Cents: Wheeler District Development
Tuesday, the investors planning to turn Oklahoma City's old downtown airpark into an inner urban neighborhood got a commitment from the City Council to at least consider ways the City could help with the project.
It's known as the Wheeler District, and it is already recognizable for the giant Ferris wheel that once turned on the Santa Monica pier.
The plan is to turn this 160 acres on the south shore of the Oklahoma river into a mixed-income community with 2,000 new homes, park, trails, a school, retail and so on.
The developers, the Humphreys, have proven they can do it, by building Carlton Landing, a new town on Lake Eufala, an upscale lakeside community.
Blair Humphreys told me Tuesday night the Wheeler District would be more mixed income with half of the new homes apartments that can be rented, and the "for sale" homes starting around $150,000.
I've seen a few naysayers already posting that the developers shouldn't get any tax breaks which would likely be used to help pay for the new streets and utilities in the development.
Problem is, you don't exactly have a lot of developers beating down the City's door to invest on the south shore of the river.
They're willing to, and would likely ignite more development in that area.
We'll be watching to see what kinds of incentives if any are worked out.
I'm Kelly Ogle and that's My 2 Cents.