OKC MAPS PROJECTS – 25 YEARS
downtown study area following the initial public investment in MAPS. A total of $3.14 billion in total public and private investment was completed or in progress in downtown from 1995 to 2008. Total public sector investment comprised less than one-third (30.7 percent) of total investment. City investment spending totaled $413 million in the period, with $356 million traced directly to the MAPS projects. The city engaged in an additional $57 million in investment in the downtown study area. Other public sector entities invested heavily in the downtown study area, with public projects valued at $549 million completed in the early stages of MAPS. Non-city public investment comprised more than half (57 percent) of all public investment projects between 1995 and 2008. Private investment of $2.18 billion from 1995 to 2008 comprises nearly 70 percent of total investment and equates to roughly six times the amount of MAPS spending by the city. Private spending ($1.29 billion) in the early phases of MAPS was heavily weighted toward a range of medical and research facilities constructed in the study area and is detailed in the 2009 report. The remainder of private investment was spent more broadly across multiple categories, including office ($249 million), residential ($238 million), hotel ($190 million) and entertainment/cultural ($154 million). Downtown Investment Activity – 2009 to 2018 Public and private investment in the MAPS era continues to transform downtown. Since 2009, estimated investment activity either completed or underway in the downtown study area totaled $3.82 billion (see Figure 37). A little more than half (56 percent) is traced to public sector investment ($2.14 billion), with the remainder ($1.68 billion) traced to privately funded activity. Of the $2.14 billion in public investment, the city engaged in the largest share ($2.09 billion) in the period. Non-city public sector investments since 2009 totaled only $49 million but were far more prevalent in the early MAPS period from 1995 to 2008. Only $1.46 billion of total city investment is attributable to MAPS, with the remaining $625 million traced to other city infrastructure projects completed in the downtown study area. The $1.68 billion in private investment is heavily weighted toward office ($760 million), hotel ($285 million), medical and research ($276 million), residential ($175 million), and entertainment/cultural ($111 million). These are also the key areas where MAPS-funded activity was anticipated to stimulate private sector investment. Office investment in the period includes both Devon Tower and BOK Park Plaza. Hotel investments include the Omni Hotel currently under construction and several smaller hotels completed in the study area. Downtown Investment Activity – MAPS Era Across the full MAPS era from 1995 to 2018, estimated public and private investment in the downtown study area totaled $7.0 billion. MAPS spending comprised only $1.82 billion, or 26 percent of total new investment in the period. Other city-related investment totaled $682 million, or 10 percent of total investment. Other public sector entities invested $598 million in the study area, or 9 percent of total investment. Significant private sector investment was triggered in both the early and more recent stages of MAPS development. Across the full period, a total of $3.86 billion in private investment was competed (or is currently underway) in the study area. Private investment comprised more than half (56 percent) of
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