OKC MAPS Economic Impact - Full Report

OKC MAPS PROJECTS – 25 YEARS

Residential Unit Growth . In addition to downtown workers on weekdays, residents in the 3-block vicinity of the streetcar are expected to provide consistent ridership during both weekdays and weekends. Visible growth in residential structures the past few years continues to contribute to this base of potential riders. Based on county assessment data, the number of downtown residential units located within 3 blocks of the streetcar path has nearly doubled to more than 3,500 since the streetcar path was announced in 2011. Housing unit growth accelerated rapidly after 2013. Of the 1,658 residential units added between 2013 and 2017, 124 units were located in the first block adjacent to the line, 734 units in the second block, and 800 units in the third block. Figure 61. Housing Units in Streetcar Impact Zone

1,000 1,500 2,000 2,500 3,000 3,500 4,000

3,559

2,435

1,921

1,901

1,823

0 500

2009

2011

2013

2015

2017

Source: Oklahoma County Assessor and City of Oklahoma City Planning Department

Hotel and Accommodations . Tourists and other visitors staying in hotels in the downtown area are also expected to provide consistent ridership. As described in an earlier section of the report, the downtown study area is home to 20 hotels with 3,163 rooms at the end of 2018. A slightly higher number of rooms are in the central business district (1,664 rooms) than in Bricktown (1,499 rooms). However, nearly all the rooms in the study area are located with the 3-block impact zone of the streetcar system. Note that these numbers do not include the 605-unit Omni Hotel that will open in early 2021.

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