Tulsa Secures $990,000 Federal Grant for Transit-Oriented Development to Advance Kirkpatrick Heights-Greenwood Master Plan Implementation
PartnerTulsa announced that the Tulsa Development Authority (TDA) has been awarded a $990,000 grant from the U.S. Department of Transportation’s (DOT) Innovative Finance and Asset Concession Grant Program (IFACGP). This grant is part of a larger $49.46 million initiative to boost urban infrastructure through President Biden’s Bipartisan Infrastructure Law, aiming to foster economic growth and community revitalization across the nation.
“This grant represents yet another critical milestone in our collective efforts to secure the resources necessary to implement the community-led vision outlined in the Kirkpatrick Heights-Greenwood Master Plan,” Mayor G.T Bynum said. “The magnitude of the Plan will require using every tool in our toolbox, and we’re eager to leverage our work through this program to ensure we take advantage of federal financing opportunities.”
The technical assistance grant will enable PartnerTulsa to explore options for transit-oriented development efforts in conjunction with implementation of the Kirkpatrick Heights-Greenwood Master Plan (Master Plan).
Guided by community residents and a planned Community Development Corporation, PartnerTulsa will evaluate fixed guideway transit services to serve the area identified in the Master Plan, and will also explore innovative financing options for development such as the Transportation Infrastructure Finance and Innovation Act (TIFIA) low-cost loan program to deliver transit solutions and redevelopment projects.
“The vision outlined in the Kirkpatrick Heights-Greenwood Master Plan represents Tulsa’s desire to build a vibrant, well-connected neighborhood that preserves the history of Greenwood and creates meaningful opportunities for wealth building and community ownership,” said Jonathan Butler, Senior Vice President of Community Development for PartnerTulsa. “PartnerTulsa is committed to working alongside the current Advisory Committee and planned Community Development Corporation to leverage this grant to build organizational capacity and leverage public-private partnership opportunities. This funding allows us to unlock the full potential of our existing assets and create new opportunities for growth.”
The funds will be allocated over a three-year period, supporting the following key initiatives:
- Staffing: Hiring dedicated personnel to lead grant initiatives, manage external partnerships, streamline processes and coordinate efforts with state and federal entities.
- Expert Analysis: Retaining external experts to conduct financial, environmental, and equity analyses, as well as develop policy recommendations and strategic plans for asset management.
- Policy Development: Working with stakeholders to create and implement policies that maximize value from underutilized public assets through asset concession arrangements and investment of private capital.
For more information on the grant program, visit the Build America Bureau website.
For more information on the Kirkpatrick Heights Greenwood Master Plan, visit www.partnertulsa.org/khgmp. To receive the latest news, sign up for project updates at www.partnertulsa.org/khgmp-