Tulsa City Council could spend $2.5M on incentives to attract Oklahoma’s first IKEA

Tulsa City Council will vote Wednesday on a $2.5 million incentive package to renovate the former Belk at the Tulsa Hills Shopping Center store into the city — and state’s — first IKEA store.

District 2 Councilor Anthony Archie, who represents the Tulsa Hills area, told The Eagle a rejection of the incentive package would be an unlikely scenario. So far, each councilor has expressed support for the economic impact an IKEA would have on Tulsa.

“Economic development is a contact sport, and we are competing with cities that are our size, or cities that are larger than us, for great amenities,” Archie said. “It’s important that when you’re competing, you come to the table with a deal that makes sense for residents, but also encourages business owners to want to make an investment.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS