OKC VeloCity | Historic tax credit threats put First National redevelopment at risk

Historic tax credit threats put First National redevelopment at risk

By NewsOK / Policy / May 3, 2018

Federal and state historic tax credits are seen as being safe following serious threats on the program last fall that could have resulted in abandonment of the $250 million redevelopment of downtown Oklahoma City's First National Center.

U.S. Sen. Jim Inhofe, Mayor David Holt and Greater Oklahoma City Chamber President Roy Williams joined developer Gary Brooks on a tour of the landmark Wednesday afternoon, where they saw floors cleared of debris and asbestos and plans for redevelopment of the building's vault and Great Banking Hall.

Built in 1931 at Robinson and Park avenues, the former home of First National was closed in July 2016 as it went into receivership and was purchased by Brooks and partner Charlie Nicholas the next year. The building is being redeveloped into 145 hotel rooms, 193 apartments, 700 parking spaces and several restaurants, bars and shops.

Read the rest of the story at NewsOK.com.

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