Economic development series details City efforts
At the July 21 Broken Arrow Economic Development Authority (BAEDA) meeting, the City’s Economic Development Manager Norman Stephens made the first of a new monthly series of Economic Development presentations to the Authority. BAEDA is comprised of the five City Council members and oversees how the City spends certain funds related to economic development within the City.
The purpose of the monthly presentations is to update the Authority, and the public, about ongoing economic development projects. Stephens also addressed common misconceptions about how the process works, why it is important for residents to shop local, and how City and Chamber staff works to recruit and retain businesses. The updates will cover economic development activities that are happening all over the city.
On July 21, the presentation addressed information on the City’s efforts to bring a grocery store to South BA; Tiger Hill Plaza, which is under construction now at Kenosha (71st) and 9th (Lynn Lane) Streets; Creek 51 Business Park, the first Tax Increment Finance (TIF) district in Wagoner County at State Highway 51 and the Creek Turnpike; The Shops at Aspen Creek, where the Warren Theater is located on Tucson (121st) Street; and two common social media misconceptions about economic development in the City.
Tiger Hill Plaza is 30,000 square feet of retail and is 60 percent pre-leased with 20 percent in negotiation at the time of this publication. They plan to have the first opening in late 2020 with a soft opening in February and grand opening in March 2021.
Creek 51 Business Park is a 90-acre future business park with infrastructure projected to be complete in October with the first building constructed in December 2020.
The Shops at Aspen Creek is 100-acre retail and commercial development. It is being heavily marketed by the owner, the City of Broken Arrow and the Broken Arrow Economic Development Corporation. Current tenants include the Warren Theater, Starbucks and Great Clips.
The monthly video presentations will be available on the City’s website, YouTube channel, and social media platforms.