The first proposal for tax increment financing assistance for redevelopment of First National Center will be presented soon with construction set to start in September on converting part of the complex into a parking garage.

An Oklahoma City commercial developer has a contract to buy the former Spaghetti Warehouse in Bricktown and has plans to convert it into either a hotel or offices. The goal for redevelopment is to use as many financing tools as possible such as federal and state historic tax credits.

The Oklahoma state Council of Bond Oversight has approved the sale of $25 million in bonds to build a four-story facility which will be used as a museum of popular culture across from Cain's Ballroom in the Brady Arts District in downtown Tulsa.

Voters will decide the fate of a slate of municipal projects on September 12. The Oklahoma City Council approved three proposals involving more than $1.2 billion for streets, sidewalks, public safety and other day-to-day operations.

A $3.3 million fast-food development consisting of a Wendy's, Pizza Hut and Dunkin' Donuts is now part of a tax increment financing district in the Argentine neighborhood in Kansas City, Kan.

Oklahoma's burgeoning wind energy capacity was accompanied by the swelling cost of the state subsidies that encouraged the industry's growth. That accommodating competitive environment seems to be changing rapidly. For turbines that come on line after July 1, a key subsidy — the zero-emissions facilities tax credit — won't be available.

The U.S. Environmental Protection Agency (EPA) announced the Kickapoo Tribe of Oklahoma is one of 172 communities and tribes across the country selected to receive funding for brownfield site revitalization efforts. A total of approximately $56.8 million will fund selected recipients for brownfield site assessments and clean up. 

Two Oklahomans in Congress have introduced legislation to prohibit the use of tax-exempt bonds to fund stadiums — an idea that dates back decades and makes for strange political bedfellows — but their reasoning is disputed by some Oklahoma economic development experts.

CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

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