Newspaper article THE JOURNAL RECORD

Tulsa Officials Warn Fate of Hotel Still Up to Voters

Newspaper article THE JOURNAL RECORD

Tulsa Officials Warn Fate of Hotel Still Up to Voters

Article excerpt

TULSA (AP) -- Efforts to revive a historic but vacant hotel in Tulsa have netted almost $10 million in grants and loans, but city officials warned the fate of the Mayo Hotel still rests in the hands of voters.

The loans and grants were approved by the U.S. Department of Housing and Urban Development.

Tulsa Mayor Susan Savage called the financial help "a major leap forward" in efforts to restore the hotel, but also said making the Mayo a success again hinges on a proposed convention and tourism package in front of voters.

She said the package would guarantee a need for hotel rooms in downtown Tulsa, which could provide a spark for the Mayo, which has stood empty since 1982.

Built in 1922, the Mayo Hotel was Tulsa's first skyscraper.

"The Mayo represents more than just the restoration of the hotel ... more than just a symbol of our rich history. The restoration points to our dynamic future and a growing and prosperous downtown," Savage said.

The awards for the hotel from HUD include a $2 million economic development grant and an $8 million guaranteed loan that enables communities to borrow money at reduced rates. …

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