The Oklahoma City Council designed Second Century Development
Inc. to encourage a public/private partnership in area redevelopment
efforts, said Tiana Douglas, executive director of the Oklahoma City
Urban Renewal Authority.
"We need capital investment, but it is not possible to get it
from the state or federal government," said Jackie Carey, ward 8
councilwoman and member of Second Century. "We need to develop
relationships with the private sector for private investment.
"We need to utilize the property that we have and establish more
of a tax base and activity center downtown," said Carey.
Second Century Development will not replace the urban renewal
authority, which was established to acquire land for disposition to
private developers. The board of commissioners will remain intact
with all of its existing obligation, said Douglas. The board will be
served by the staff of Second Century.
The creation of Second Century has been orchestrated as direct
federal funding for the urban renewal authority is discontinued May
"This is a logical time," said Carey. "The urban renewal
authority is more or less going out of business in aggressive
redevelopment activity. This will put something into its place to
replace and extend it. The public/private corporation will
aggressively seek redevelopment projects primarily in downtown area."
Douglas said that federal funding for Second Century could rely
heavily on Community Development Block Grant funds.
Redevelopment efforts need all the resources possible, said
Douglas. In the past, the public sector has been the primary
This week, four city council members were appointed to Second
Century: I.G. Purser from ward 1, Beverly Hodges from ward 6, Goree
James from ward 7 and also Carey will serve on the board.
The Oklahoma City Urban Renewal Authority recommended that
Stanton Young, chairman, and Dr. K.E. Smith, vice chairman,
represent the authority on the board of Second Century. If they are
approved by the mayor and city council, these six members will
nominate three people from the private sector to complete the
"I hope we can move fairly rapidly," said Carey. "There is no
sense in having the corporation in place if we can't start getting
The new board will determine the geographical area in which to
concentrate their efforts. This could be downtown Oklahoma City or
the Centralplex. Carey said it will probably focus on downtown. . .
Capital Improvement Plan Meeting Scheduled Oklahoma City's
five-year capital improvement plan will be discussed at public
meetings Tuesday and Wednesday.
City employees will explain the plan and respond to comments and
questions from citizens. The plan outlines the city's long-term
plans for major purchases and projects and sets priorities.
Tuesday's meeting will be at 7:30 p.m. at the South Oklahoma
City Chamber of Commerce, 701 SW 24 St. Wednesday the meeting will
be at 7:30 p.m. in the Fire Training Center, 800 N. Portland Ave. .
Tourism Impact Expected to Rise The economic impact of tourism
on the Oklahoma City economy in 1989 is expected to increase from
$464 million in 1988 due to Remington Park, Centennial year events
and the U.S. Olympic Festival, said Kathleen Marks, executive
director of the Oklahoma City Convention and Tourism Bureau.
The tourism industry in Oklahoma is the second largest revenue
producer and employs 56,000. …