21c Museum Hotel Now Open

21C Museum Hotel OKC ribbon cutting  

On June 7th, the 21c Museum Hotel opened its doors to the public in the former Fred Jones Manufacturing Company building. This renovation leads revitalization on the west side of downtown and has spurred additional investment in the area.
 
The City provided a $5.3 million allocation in tax increment financing (TIF). The allocation is distributed in part in the form of "assistance in development financing" and in part in the form of a low-interest loan, all in order to bridge the gap in the financing requirements necessary to make the 21c Museum Hotel a reality. Other sources of financing included Federal and State Historic Tax Credits and New Markets Tax Credits.  The $57.8 million project resulted in the creation of more than 150 jobs. 
 
This adaptive reuse of the historic Ford Motor Company Assembly Plant provides a fresh and unique hotel to Oklahoma City visitors and residents. The full-service hotel features 135 rooms, 14,000 square feet of exhibiting, meeting and event space and offers a contemporary art gallery that is open free to the public. The hotel also offers a first-floor restaurant, Mary Eddy's Kitchen x Lounge. The restaurant showcases the building's original Model T showroom space.

The 21c Museum Hotel, a successful example of public-private partnership, now provides a unique place to stay in the ever-growing area west of downtown. 


Entrance to the 21C Museum Hotel at the former Ford Motor Co. Assembly Plant  
Page Woodson Renovation Continues


Construction to rehabilitate the historic Page Woodson High School into residential housing is well underway. Developer Ron Bradshaw purchased the historic school building in 2013 in an effort to restore the historic landmark in northeast Oklahoma City. The school had been abandoned since 1993.
 
The former school building will include 68 residential units, with another 68 units to be added in an additional building being constructed on the site. All 136 units will be rented to residents earning no more than 60 percent of the area median income.  Project funding includes historic tax credits, low income housing tax credits and tax increment financing. 
 
Additional phases will follow on adjacent Urban Renewal property and will contemplate significant residential and mixed-use infill development. When complete, this redevelopment will provide much needed new investment in northeast Oklahoma City.
Alliance President Nominated for 10for10 Making a Difference Award
 
In observance of its 10-year anniversary, the Institute for Economic Empowerment of Women (IEEW) has planned the "10for10 Making a Difference" awards event to highlight remarkable women who create real change each and every day in Oklahoma. Cathy O'Connor, President and CEO of the Alliance for Economic Development, has been nominated for an award for her beneficial work in Oklahoma City.  

The IEEW, founded in 2006, is an Oklahoma City-based 501(c)3 non-profit with a mission to empower women to grow their businesses, pursue greater entrepreneurial ventures and become more active public policy advocates. The 10for10 Making a Difference awards event will be held on July 19 at the Oklahoma City Golf and Country Club.
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