BROKEN ARROW - Broken Arrow city councilors approved an August election for a $60 million general obligation bond package Monday night.
The theme for the General Obligation election will be "Positioning Broken Arrow for the Future."
The money will be used toward streets, public safety, public buildings and quality of life projects. According to city officials, the bond projects will not aim to increase property taxes.
The approval of this bond also means several bonds of the past will be revised.
Projects included in this resurgence will be the 2004 authorization for a new hotel and conference center. as well as the 2008 art center project.
Each of these packages will be aimed towards bringing tourism and sparking more economic development from the revenue earned. Broken Arrow officials said they hope to bring more festivals and outside tourism to their town to increase growth.
"Now that Broken Arrow has joined the ranks of the five largest Oklahoma cities, increasing the city’s occupancy rate to match Tulsa’s proposed increase will enable the city to be competitive with its peer cities, by holding more festivals, supporting events that attract visitors to the city and increasing overnight hotel stays," said Broken Arrow Director of Communications Krista Flasch in a release Monday.
Overall the city aims to raise their hotel occupancy rate from 4 percent to 7 percent.
The election for the approved ordinance will be August 26.