Newspaper article THE JOURNAL RECORD

Tulsa Downtown Airpark Deal Closes

Newspaper article THE JOURNAL RECORD

Tulsa Downtown Airpark Deal Closes

Article excerpt

An investor group closed its deal Friday to purchase the Tulsa Downtown Airpark for $2.5 million from the Tulsa Technology Center.

A group named 7581 LLC purchased the 100-acre, inactive airfield and plans to develop a business industrial park with an emphasis on the aerospace industry, said Ward Seibert, manager for 7581 LLC.

The investors - whom Seibert wouldn't name - may seek to have the airpark's 3,000-foot runway re-commissioned by the Federal Aviation Administration for private use. Seibert said there are no plans to increase the runway's length.

We have had some discussions with a group about reactivating the runway, but that's just a potential at this point, Seibert told The Journal Record. With or without the runway, the facility lends itself to aerospace-related manufacturing and business.

Seibert said all the utilities that would be needed at the airfield are in place, and only some minor engineering work is necessary. About 100,000 square feet of building space still remains for use.

The Tulsa Police Department's helicopter unit is still on the property. Seibert said he's had some discussions with the department.

Our expectation is their presence will remain there, he said.

The original, potential purchaser of the land, located northwest of downtown Tulsa, was Gentner Drummond, a retired Air Force captain pilot, rancher and owner of the Post Oak Lodge. …

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