TULSA - The city council approved a new policy officials hope will attract big-box retailers to Tulsa Thursday.
The council's unanimous passing Thursday of a retail incentive policy will allow the city to reimburse retailers who bring their business to Tulsa.
City officials say the policy will make it easier to lure major retailers like Costco, Cabela's and Lodge Wolf Ridge to Tulsa.
Retailers could receive reimbursements of up to $2 million for money they spend on public infrastructure, like sewer lines and sidewalks.
But the city would only pay if the retailer is profitable.
The policy will take effect upon the mayor's signature.
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