TULSA, Okla. — A groundbreaking ceremony was held Tuesday for a new hotel in north Tulsa. The development will be built in a field near the corner of 36th St. North and Martin Luther King Jr. Blvd, overlooking the Tulsa skyline.
The Alfresco Development Corporation held the groundbreaking ceremony to kick off the $15 million project. It’s the first TIF district to be approved for a private development project by the Tulsa city council.
A TIF district, used to promote private development, uses a portion of tax dollars generated in the district to re-invest in its economic development.
The hotel will be named the Stratford21, recognizing one of the founding members of Black Wall Street, J.B. Stratford, whose hotel was burned down during the 1921 Tulsa Race Massacre.
Leaders from the North Tulsa Economic Development Initiative say they hope it's also the beginning of more projects to come to the area.
“This is just the beginning and the start of big things happening in north Tulsa as well as the rest of the city,” vice-chair for the initiative, Jack Henderson said.
Developers also plan to build homes, apartments and retail space for businesses in the area. The hotel is expected to be completed in 2023.
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