Developers are one step closer to building an outlet mall in east Tulsa.
City councilors approved a Tax Increment Financing district that will surround a proposed outlet mall. The cost of building the infrastructure for the new business district is about $20 million, at no cost to taxpayers.
Horizon Group Properties hopes to break ground as soon as possible. They say shoppers can expect to hit stores in 2017.
The city pays nothing for infrastructure development. Horizon carries all the cost and recovers its investment with tax revenue generated by the mall and other businesses in the TIF district.
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