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Beta city, the optimal opportunity zone investment strategy

Tulsa Opportunity Zone Investment Prospectus

Beta City

be•ta cit•y  /ˈbādə/ /ˈsidē/
1. noun: a place or municipal center with low risk investment opportunities
Because Opportunity Zones require a multi-year holding to reap the program’s full benefits, volatility is the first criteria to consider. Now, more than ever, investors should seek to deploy capital in markets that have long histories of stability. Even prior to the pandemic, most economists predicted the U.S. would begin to contract in the next 1-2 years.


2. noun: an ideal proving ground for high-impact and emerging investments
The Opportunity Zone incentive was designed to encourage long-term, high-impact investment in economically distressed areas. The City of Tulsa took that mandate seriously, strategically selecting Opportunity Zones with existing momentum and infrastructure projects already in the works. Neighborhoods like Kendall Whittier — including the iconic Route 66 corridor along 11th Street —have seen an infusion of investment in recent years, transforming it from a declining area into a vibrant community, a center for immigrant business owners, early childhood education, and new affordable housing.

be•ta cit•y  /ˈbādə/ /ˈsidē/
1. noun: a place or municipal center with low risk investment opportunities

2. noun: an ideal proving ground for high-impact and emerging investments

Tulsa, a city built on big ideas with a proven track record of steady returns.

Tulsa Mayor GT Bynum explains why Tulsa carries so much momentum and is prime for investment.

Tulsa, a city built on big ideas with a proven track record of steady returns.

Tulsa Mayor GT Bynum explains why Tulsa carries so much momentum and is prime for investment.

Tulsa’s Opportunity Zones are low risk, high impact.

A Safer Bet: Tulsa has long been recognized as one of America’s most recession-proof cities.

Tulsa was one of the few cities that remained unfazed by the Great Recession, declared “recession-proof” by Forbes, CNBC, and Marketwatch. In fact, Tulsa grew in 2008, bolstered by an agriculture and energy-based economy.

Unlike in many metro areas, Tulsa’s home values and commercial property prices held their own during the last downturn. Tulsa's relatively steady output meant that there was no bubble to burst at the outset of the Great Recession.

YOY Growth Rate From 2005 - 2009

YOY Growth Rate From 2005 - 2009

Tulsa boasts a diversified economy based in tech, aerospace, finance, and energy.

Enjoy Tulsa’s low cost of, well, everything

Many people are drawn to Tulsa's relatively low cost of living and stay because of everything else the city has to offer.

Tulsa boasts a median home price of $173,000, an unemployment rate of three percent (compared to the pre-pandemic national average, four percent), and an average cost of living of $1,450.67 per month — the sixth-cheapest in the country, according to Move.org.

Land here is cheap and plentiful, especially compared to urban areas on the coasts, and construction costs are well below the national average.

Enjoy Tulsa’s low cost of, well, everything

$ 173,000

Average Home Price

3%

Unemployment Rate

$ 1,450.67

Average Monthly Cost of Living

6th

Lowest Cost of Living in the U.S.

Of all the low beta Opportunity Zones, Tulsa deserves your attention. Here's why.

Rapid revitalization of Tulsa’s urban core is creating high demand.

No hurdles here. Tulsa is known for an investment-friendly public sector.

“In a year we went from 25 working days to review those permits to now we’re averaging five days. We did this by adjusting our staffing levels to be at the level they should be at, but also by bringing in innovative new processes, like third party plan reviews and self-certification, things that other cities around the country have tried out, but we want to be a leader in here in Tulsa. All of this has made investing in Tulsa so much easier for people just in the last year.”
—Mayor GT Bynum

Tulsa’s collaborative public-private partnerships have won over massive projects.

“You all worked together so incredibly collaboratively. That doesn’t happen in every state, in every community. It just doesn’t. You should feel very good about that. That’s why we’re here … We had lots of choices.”
—Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc.
Oklahoma Commerce ➞
“Support from local leaders has been instrumental in our ability to come to Oklahoma, and we are grateful for their collaboration to bring thousands of new jobs with benefits starting on day one.”
—Mark Stewart, Amazon’s Vice President of North America Customer Fulfillment
News on 6 ➞

Tulsa has a clear history of successful exits.

Exiting low-risk environments like the Tulsa market has proved to be an easy and lucrative process for local and outside investors alike.

Tulsa has always been a true Beta city — one that doesn’t shy away from thinking big and beyond.

Always innovating, always looking for new ideas, always using data to solve local problems. That’s Tulsa.

There’s the more traditional meaning of beta from the investment perspective. And then there’s a whole different definition: beta in the context of a transformation, or a start-up mentality.

Tulsa has long embraced the other definition of “beta.”

The city is becoming better known for its entrepreneur-centric resources and results. Tulsa’s dozens of business incubators, maker labs, and start-up accelerators helped more than 100 startups between 2016, and 2018 according to CityLab. Forbes and NerdWallet named Tulsa the Best City for Young Entrepreneurs. A Thumbtack Journal survey named Tulsa the Best U.S. City for Women to Start a Business.

The Tulsa philanthropist who’s going beta on social impact

Perhaps Kaiser’s most well publicized contribution to Tulsa to-date is the Gathering Place. To call it a park is an understatement. Rather, the $465 million transformation of 66 acres in midtown Tulsa is a massive effort to bring people together in one democratic space, the ultimate symbol of tackling inequality.

“We got more and more divided over time by geography, race and class. So getting people together is step number one.”
-George Kaiser to New York Times
Check out the Gathering Place ➞
Read the New York Times article ➞

Tulsa’s Opportunity Zones already have momentum behind them.

The City of Tulsa selected its Opportunity Zone designations partly based on areas in which it has already planned to make major investments. These are areas with significant job creation opportunities, existing proven employment growth, and public projects with large infrastructure investments already in the works.

OPPORTUNITY ZONE GROUP 01

Downtown Tulsa

In the last decade, Downtown Tulsa has seen more than $1 billion in public and private investment. More than $800 million in additional investments is currently planned or in progress.

In December 2017, the City of Tulsa approved the Downtown Master Tax Increment Financing District, which covers 972 acres and provides significant opportunity for support to development and redevelopment projects. The area’s CBD Zoning allows for numerous uses, and the City is focused on maintaining density, increasing walkability, and providing affordable housing opportunities.

Downtown Tulsa is expected to grow its young professional population in the coming years. There are prime opportunities to develop affordable apartments for young professionals working professional entry- to mid-level jobs in the Downtown area. Taking into account the number of planned residential units, Downtown Tulsa is expected to grow by 11 percent over the next decade.

In 2019 and 2020, the City of Tulsa will have nearly $11 million funds available to incentivize residential and commercial development through a revolving loan fund dedicated to Downtown.

Bob Dylan Archives

In the last decade, Downtown Tulsa has seen more than $1 billion in public and private investment. More than $800 million in additional investments is currently planned or in progress.

Highlighted Projects

Bob Dylan Archives:

The museum will feature items from a collection containing over 6,000 items spanning over 60 years. The collection includes handwritten lyrics, photographs, contracts, private letters, video, and audio recordings.

USA BMX:

The new BMX headquarters is being designed in order to host events like the Olympic trials and other cycling events and is expected to host at least 100 local, state, and national events within the first five years of opening, generating nearly $11 million in economic activity.

Learn more about Downtown Tulsa Opportunity Zones ➞

OPPORTUNITY ZONE GROUP 02

Urban Neighborhood Revitalization

The Greenwood, Crutchfield, Emerson, and The Heights neighborhoods serve as the gateway to North Tulsa and are prime areas for investment given their proximity to Downtown Tulsa. The Greenwood area contains the part of Tulsa which was historically known as Black Wall Street. They are areas of concentrated focus for reinvestment and redevelopment for the City of Tulsa.

In addition to established residential neighborhoods, the Tulsa campuses of Oklahoma State University and Langston University are located north of Downtown. These research Universities are drivers of economic growth for the area and are eager to collaborate on innovation.

The Historic Route 66 runs through Tulsa and this cluster of Opportunity Zones. In fact, Tulsa is often called the "Capital of Route 66." Neighborhoods and communities along the route have seen transformational developments and many more are in the works, as Route 66 is poised to become the main focus of the state's tourism promotions. Tulsa's first food hall and test kitchen concept, Mother Road Market, is located adjacent to Route 66, and other mixed-use and residential concepts flanking the Market are under construction.

Midtown Tulsa is a vibrant area with a mix of uses, including residential neighborhoods like Kendall Whittier and the up-and-coming Pearl District commercial area, the Hillcrest Medical Center complex, and the north side of the Cherry Street shopping corridor. The historic homes in these neighborhoods are appreciating in value as development occurs on important corridors like Route 66 and Peoria Avenue, and a spree of in-demand renovations is revitalizing the housing stock. To the far east of the Opportunity Zones in this area is the campus of the University of Tulsa, a private, prestigious R-2 research university.

Learn more about Tulsa's Urban Neighborhood Revitalization Opportunity Zones ➞

OPPORTUNITY ZONE GROUP 02

Urban Neighborhood Revitalization

Learn more about Tulsa's Urban Neighborhood Revitalization Opportunity Zones ➞

Highlighted Projects

Peoria Bus Rapid Transit:

Three of these tracts are part of a new line of the Peoria Bus Rapid Transit system, a first-of-its-kind high speed bus system that is on track to connect employees with jobs on one of Tulsa’s busiest commercial corridors.

Emerson Elementary:

Oklahoma’s first public Montessori school will provide free education for a largely underserved neighborhood.

Historic Route 66 and University of Tulsa:

An area poised for rapid revitalization, the Historic Route 66 and TU corridor represents a prime opportunity for focus, as the historic road is poised to become the main focus of the state's tourism promotions.

Mother Road Market anchors the current developments in this community. Developed by the Lobeck Taylor Family Foundation on the historic Route 66, Mother Road is Tulsa’s first food hall. Kitchen 66, Tulsa’s kickstart kitchen and program of the Lobeck Taylor Family Foundation, is also housed at Mother Road Market, allowing food entrepreneurs to use the small shop model to pilot test their latest concepts, without the financial investment of opening a full-scale restaurant or brick-and-mortar business.

Holberton School:

Designed to keep more young professionals in Tulsa, this downtown coding academy offers a college-alternative that has placed graduates at companies including Apple, Facebook, LinkedIn and Tesla. The Tulsa campus opened its doors to its first class in March 2020, boosting Tulsa’s rapidly growing tech sector.

Cyber District:

The University of Tulsa, which boasts a world-renowned cybersecurity program, is available to help anchor a residential-commercial district within the Sixth Street Opportunity Zone centered around all things cyber.

Langston University Health Complex:

A public investment of $16,250,000 will be used to construct a new Healthcare Professions complex for Langston University.

OPPORTUNITY ZONE GROUP 03

Aerospace and Industrial

This cluster of Opportunity Zones is prime for investment within the aerospace and manufacturing sectors. These tracts are primarily located northeast of Downtown Tulsa and clustered together to maximize the impact of each individual investment on the local economy and success of the respective sector.

OPPORTUNITY ZONE GROUP 03

Aerospace and Industrial

OPPORTUNITY ZONE GROUP 04

Community and Employment Revitalization

The Opportunity Zones north of Downtown Tulsa represent Tulsa's future in industry development. The City of Tulsa is making a concerted effort in the revitalization of this cluster of census tracts, as it represents the greatest swaths of underdeveloped land in Tulsa. The tracts’ proximity to Downtown Tulsa and the Tulsa International Airport make them prime locations for Opportunity Zone investment.

These four census tracts offer great potential for investors and developers interested in the residential developments and community development. The average house across all four Opportunity Zones was built in 1960. The age of the current housing stock in these four Opportunity Zones represents one of the best opportunities within the City of Tulsa for housing development. In addition, the City of Tulsa is taking steps to actively promote growth in employment opportunities within the Peoria Mohawk census tract, greatly increasing the need for modern and affordable housing.

Learn More ➞

OPPORTUNITY ZONE GROUP 04

Community and Employment Revitalization

Learn More ➞

OPPORTUNITY ZONE GROUP 05

Arkansas River Development

The Arkansas River Corridor is a vibrant part of Tulsa’s core, supporting established residential neighborhoods, river trails, the Gathering Place park, stretches of historic Route 66, highways I-75 and I-44, and industry of all shapes and sizes. There are two distinct areas included in the Arkansas River Development corridor that are also included in the Federal Opportunity Zones program.

To the west of the river are the census tracts that make up part of West Tulsa – namely the River West and Crystal City neighborhoods. The major heavy industrial developments are one of two oil refineries operated by Holly Frontier, which are large economic drivers for the area that bring in a large influx of daytime workers. Residential areas to the north of the refinery make up the River West neighborhood, which totals 3,212 people. River West is the unique recipient of a $30 million grant by HUD to continue innovative community transformation projects. South of the refinery includes the Crystal City neighborhood, which contains a mix of residential and industrial uses.

OPPORTUNITY ZONE GROUP 05

Arkansas River Development

Highlighted Projects

Prime riverfront property: Tulsa concrete manufacturer GCC is currently looking to relocate, creating the opportunity for development on a prime 23-acre riverfront site.

Learn More ➞

Safe + steady

Tulsa’s Opportunity Zones are low risk, high impact.

A Safer Bet: Tulsa has long been recognized as one of America’s most recession-proof cities.

Tulsa was one of the few cities that remained unfazed by the Great Recession, declared “recession-proof” by Forbes, CNBC, and Marketwatch. In fact, Tulsa grew in 2008, bolstered by an agriculture and energy-based economy.

Unlike in many metro areas, Tulsa’s home values and commercial property prices held their own during the last downturn. Tulsa's relatively steady output meant that there was no bubble to burst at the outset of the Great Recession.

YOY Growth Rate From 2005 - 2009

YOY Growth Rate From 2005 - 2009

Why Tulsa

Tulsa boasts a diversified economy based in tech, aerospace, finance, and energy.

Enjoy Tulsa’s low cost of, well, everything

Many people are drawn to Tulsa's relatively low cost of living and stay because of everything else the city has to offer.

Tulsa boasts a median home price of $173,000, an unemployment rate of three percent (compared to the pre-pandemic national average, four percent), and an average cost of living of $1,450.67 per month — the sixth-cheapest in the country, according to Move.org.

Land here is cheap and plentiful, especially compared to urban areas on the coasts, and construction costs are well below the national average.

Enjoy Tulsa’s low cost of, well, everything

$ 173,000

Average Home Price

3%

Unemployment Rate

$ 1,450.67

Average Monthly Cost of Living

6th

Lowest Cost of Living in the U.S.

Of all the low beta Opportunity Zones, Tulsa deserves your attention. Here's why.

Rapid revitalization of Tulsa’s urban core is creating high demand.

A focused look at Tulsa's Arts District

Tulsa’s Arts District, spanning about 1.5 square miles, is a study in the transformation of downtown. Formerly known as the Brady District, the neighborhood’s recent renaming was an apt reflection of the revitalization it has seen in development, culture, and a sense of purpose.

The New York Times named Tulsa one of its “52 Places to Go in 2015,” citing the city’s vibrant art, cultural and music scene.

“More than 20 bars and restaurants have opened in the Brady Arts District over the past decade alone—in spite of the national economic downturn.”
—NYTimes
“I don’t think there’s a place in the state where the cultural [facilities] are that close together.”
—Julia Kirt, executive director of Oklahomans for the Arts, NYTimes

SUPPORTIVE CITY LEADERSHIP

No hurdles here. Tulsa is known for an investment-friendly public sector.

“In a year we went from 25 working days to review those permits to now we’re averaging five days. We did this by adjusting our staffing levels to be at the level they should be at, but also by bringing in innovative new processes, like third party plan reviews and self-certification, things that other cities around the country have tried out, but we want to be a leader in here in Tulsa. All of this has made investing in Tulsa so much easier for people just in the last year.”
—Mayor GT Bynum

Tulsa’s collaborative public-private partnerships have won over massive projects.

“You all worked together so incredibly collaboratively. That doesn’t happen in every state, in every community. It just doesn’t. You should feel very good about that. That’s why we’re here … We had lots of choices.”
—Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc.
Oklahoma Commerce ➞
“Support from local leaders has been instrumental in our ability to come to Oklahoma, and we are grateful for their collaboration to bring thousands of new jobs with benefits starting on day one.”
—Mark Stewart, Amazon’s Vice President of North America Customer Fulfillment
News on 6 ➞
“Our partnership with the Tulsa Regional Chamber, Cherokee Nation, the Governor’s Office and the City of Tulsa has been vital to this expansion’s success.”
—Jim McIntyre, CEO of Greenheck Group
Oklahoma Commerce ➞
“You all worked together so incredibly collaboratively. That doesn’t happen in every state, in every community. It just doesn’t. You should feel very good about that. That’s why we’re here … We had lots of choices.”
—Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc.
Oklahoma Commerce ➞
“Support from local leaders has been instrumental in our ability to come to Oklahoma, and we are grateful for their collaboration to bring thousands of new jobs with benefits starting on day one.”
—Mark Stewart, Amazon’s Vice President of North America Customer Fulfillment
News on 6 ➞

SUCCESSFUL EXITS

Tulsa has a clear history of successful exits.

Exiting low-risk environments like the Tulsa market has proved to be an easy and lucrative process for local and outside investors alike.

Tulsa innovation

Tulsa has always been a true Beta city — one that doesn’t shy away from thinking big and beyond.

Always innovating, always looking for new ideas, always using data to solve local problems. That’s Tulsa.

There’s the more traditional meaning of beta from the investment perspective. And then there’s a whole different definition: beta in the context of a transformation, or a start-up mentality.

Tulsa has long embraced the other definition of “beta.”

The city is becoming better known for its entrepreneur-centric resources and results. Tulsa’s dozens of business incubators, maker labs, and start-up accelerators helped more than 100 startups between 2016, and 2018 according to CityLab. Forbes and NerdWallet named Tulsa the Best City for Young Entrepreneurs. A Thumbtack Journal survey named Tulsa the Best U.S. City for Women to Start a Business.

The Tulsa philanthropist who’s going beta on social impact

“...he believes his foundation can better identify needs and more easily monitor results in his own community.”
Supported by the George Kaiser Family Foundation, Still She Rises is the first holistic defense office in the country dedicated to presenting mothers in North Tulsa in both the criminal and civil legal systems.
Women in Recovery, a George Kaiser Family Foundation-supported program, is an intensive outpatient alternative for eligible women facing long prison sentences for non-violent drug-related offenses. (Photos by Tulsa World)

Perhaps Kaiser’s most well publicized contribution to Tulsa to-date is the Gathering Place. To call it a park is an understatement. Rather, the $465 million transformation of 66 acres in midtown Tulsa is a massive effort to bring people together in one democratic space, the ultimate symbol of tackling inequality.

“We got more and more divided over time by geography, race and class. So getting people together is step number one.”
-George Kaiser to New York Times
Check out the Gathering Place ➞
Read the New York Times article ➞

opportunity zones

Tulsa’s Opportunity Zones already have momentum behind them.

The City of Tulsa selected its Opportunity Zone designations partly based on areas in which it has already planned to make major investments. These are areas with significant job creation opportunities, existing proven employment growth, and public projects with large infrastructure investments already in the works.

OPPORTUNITY ZONE GROUP 01

Downtown Tulsa

In the last decade, Downtown Tulsa has seen more than $1 billion in public and private investment. More than $800 million in additional investments is currently planned or in progress.

In December 2017, the City of Tulsa approved the Downtown Master Tax Increment Financing District, which covers 972 acres and provides significant opportunity for support to development and redevelopment projects. The area’s CBD Zoning allows for numerous uses, and the City is focused on maintaining density, increasing walkability, and providing affordable housing opportunities.

Downtown Tulsa is expected to grow its young professional population in the coming years. There are prime opportunities to develop affordable apartments for young professionals working professional entry- to mid-level jobs in the Downtown area. Taking into account the number of planned residential units, Downtown Tulsa is expected to grow by 11 percent over the next decade.

In 2019 and 2020, the City of Tulsa will have nearly $11 million funds available to incentivize residential and commercial development through a revolving loan fund dedicated to Downtown.

Bob Dylan Archives

In the last decade, Downtown Tulsa has seen more than $1 billion in public and private investment. More than $800 million in additional investments is currently planned or in progress.

Highlighted Projects

Bob Dylan Archives:

The museum will feature items from a collection containing over 6,000 items spanning over 60 years. The collection includes handwritten lyrics, photographs, contracts, private letters, video, and audio recordings.

USA BMX:

The new BMX headquarters is being designed in order to host events like the Olympic trials and other cycling events and is expected to host at least 100 local, state, and national events within the first five years of opening, generating nearly $11 million in economic activity.

Learn more about Downtown Tulsa Opportunity Zones ➞

OPPORTUNITY ZONE GROUP 02

Urban Neighborhood Revitalization

The Greenwood, Crutchfield, Emerson, and The Heights neighborhoods serve as the gateway to North Tulsa and are prime areas for investment given their proximity to Downtown Tulsa. The Greenwood area contains the part of Tulsa which was historically known as Black Wall Street. They are areas of concentrated focus for reinvestment and redevelopment for the City of Tulsa.

In addition to established residential neighborhoods, the Tulsa campuses of Oklahoma State University and Langston University are located north of Downtown. These research Universities are drivers of economic growth for the area and are eager to collaborate on innovation.

The Historic Route 66 runs through Tulsa and this cluster of Opportunity Zones. In fact, Tulsa is often called the "Capital of Route 66." Neighborhoods and communities along the route have seen transformational developments and many more are in the works, as Route 66 is poised to become the main focus of the state's tourism promotions. Tulsa's first food hall and test kitchen concept, Mother Road Market, is located adjacent to Route 66, and other mixed-use and residential concepts flanking the Market are under construction.

Midtown Tulsa is a vibrant area with a mix of uses, including residential neighborhoods like Kendall Whittier and the up-and-coming Pearl District commercial area, the Hillcrest Medical Center complex, and the north side of the Cherry Street shopping corridor. The historic homes in these neighborhoods are appreciating in value as development occurs on important corridors like Route 66 and Peoria Avenue, and a spree of in-demand renovations is revitalizing the housing stock. To the far east of the Opportunity Zones in this area is the campus of the University of Tulsa, a private, prestigious R-2 research university.

Learn more about Tulsa's Urban Neighborhood Revitalization Opportunity Zones ➞

OPPORTUNITY ZONE GROUP 02

Urban Neighborhood Revitalization

Learn more about Tulsa's Urban Neighborhood Revitalization Opportunity Zones ➞

Highlighted Projects

Peoria Bus Rapid Transit:

Three of these tracts are part of a new line of the Peoria Bus Rapid Transit system, a first-of-its-kind high speed bus system that is on track to connect employees with jobs on one of Tulsa’s busiest commercial corridors.

Emerson Elementary:

Oklahoma’s first public Montessori school will provide free education for a largely underserved neighborhood.

Historic Route 66 and University of Tulsa:

An area poised for rapid revitalization, the Historic Route 66 and TU corridor represents a prime opportunity for focus, as the historic road is poised to become the main focus of the state's tourism promotions.

Mother Road Market anchors the current developments in this community. Developed by the Lobeck Taylor Family Foundation on the historic Route 66, Mother Road is Tulsa’s first food hall. Kitchen 66, Tulsa’s kickstart kitchen and program of the Lobeck Taylor Family Foundation, is also housed at Mother Road Market, allowing food entrepreneurs to use the small shop model to pilot test their latest concepts, without the financial investment of opening a full-scale restaurant or brick-and-mortar business.

Holberton School:

Designed to keep more young professionals in Tulsa, this downtown coding academy offers a college-alternative that has placed graduates at companies including Apple, Facebook, LinkedIn and Tesla. The Tulsa campus opened its doors to its first class in March 2020, boosting Tulsa’s rapidly growing tech sector.

Cyber District:

The University of Tulsa, which boasts a world-renowned cybersecurity program, is available to help anchor a residential-commercial district within the Sixth Street Opportunity Zone centered around all things cyber.

Langston University Health Complex:

A public investment of $16,250,000 will be used to construct a new Healthcare Professions complex for Langston University.

OPPORTUNITY ZONE GROUP 03

Aerospace and Industrial

This cluster of Opportunity Zones is prime for investment within the aerospace and manufacturing sectors. These tracts are primarily located northeast of Downtown Tulsa and clustered together to maximize the impact of each individual investment on the local economy and success of the respective sector.

OPPORTUNITY ZONE GROUP 03

Aerospace and Industrial

OPPORTUNITY ZONE GROUP 04

Community and Employment Revitalization

The Opportunity Zones north of Downtown Tulsa represent Tulsa's future in industry development. The City of Tulsa is making a concerted effort in the revitalization of this cluster of census tracts, as it represents the greatest swaths of underdeveloped land in Tulsa. The tracts’ proximity to Downtown Tulsa and the Tulsa International Airport make them prime locations for Opportunity Zone investment.

These four census tracts offer great potential for investors and developers interested in the residential developments and community development. The average house across all four Opportunity Zones was built in 1960. The age of the current housing stock in these four Opportunity Zones represents one of the best opportunities within the City of Tulsa for housing development. In addition, the City of Tulsa is taking steps to actively promote growth in employment opportunities within the Peoria Mohawk census tract, greatly increasing the need for modern and affordable housing.

Learn More ➞

OPPORTUNITY ZONE GROUP 04

Community and Employment Revitalization

Learn More ➞

OPPORTUNITY ZONE GROUP 05

Arkansas River Development

The Arkansas River Corridor is a vibrant part of Tulsa’s core, supporting established residential neighborhoods, river trails, the Gathering Place park, stretches of historic Route 66, highways I-75 and I-44, and industry of all shapes and sizes. There are two distinct areas included in the Arkansas River Development corridor that are also included in the Federal Opportunity Zones program.

To the west of the river are the census tracts that make up part of West Tulsa – namely the River West and Crystal City neighborhoods. The major heavy industrial developments are one of two oil refineries operated by Holly Frontier, which are large economic drivers for the area that bring in a large influx of daytime workers. Residential areas to the north of the refinery make up the River West neighborhood, which totals 3,212 people. River West is the unique recipient of a $30 million grant by HUD to continue innovative community transformation projects. South of the refinery includes the Crystal City neighborhood, which contains a mix of residential and industrial uses.

OPPORTUNITY ZONE GROUP 05

Arkansas River Development

Highlighted Projects

Prime riverfront property: Tulsa concrete manufacturer GCC is currently looking to relocate, creating the opportunity for development on a prime 23-acre riverfront site.

Learn More ➞

Take a look at what Tulsa has to offer with this virtual tour.

It's Time for Tulsa.

Protect your investment with proven low-risk and consistent returns:

  • Economic growth every year, including during the Great Recession
  • A track record of massive portfolio exits

Take advantage of Opportunity Zones with high momentum:  

  • An urban core projected to grow by 11 percent in the next 10 years
  • An Economic Development staff that has tripled in size since 2017 to streamline permitting

Make a difference in a city that prioritizes social impact:

  • Nation’s largest private investment in a public park
  • Investments go further in Tulsa, which offers a low cost of doing business and a metro area population of 1 million

Protect your investment with proven low-risk and consistent returns

Take advantage of Opportunity Zones with high momentum  

Make a difference in a city that prioritizes social impact

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