OKC MAPS Economic Impact - Full Report

OKC MAPS PROJECTS – 25 YEARS

Figure 37. Public and Private Investment - MAPS & Downtown Study Area Investment (millions)

1995-2008

2009-2018

Total

% Share

Public

City of OKC - MAPS

$356.1

$1,461.0

$1,817.1

26.1%

Non-MAPS

56.5

633.4

689.9

9.9%

Total City of OKC

$412.6

$2,094.4

$2,507.0

36.0%

Other Public (Federal, State, & Local)

548.7

48.9

597.6

8.6%

Total Public

$961.3

$2,143.3

$3,104.6

44.6%

Private

Medical & Research

1,288.1

275.7 759.7 285.0 174.9 108.5

1,563.8 1,008.9

22.4% 14.5%

Office Hotel

249.2 190.4 237.5 154.0

475.4 412.4 262.5

6.8% 5.9% 3.8% 0.9% 0.7% 0.2% 0.2%

Residential

Entertainment/Cultural

Food Service

24.8 22.1

36.9 28.2

61.7 50.3 15.0 11.7

Retail

Parking

6.5 8.0

8.5 3.7

Other

Total Private

$2,180.6

$1,681.0

$3,861.6

55.4%

Total Public and Private 100.0% Note: The two time periods of investment displayed in Figure 37 are not of equal time span and are based upon the update schedule of current and past MAPS evaluation reports. The 1995-2008 period captures investment over a 14-year period, while the 2009-2018 period captures only approximately 10 years. Source: City of Oklahoma City, Greater Oklahoma City Chamber of Commerce, Mc-Graw Hill Dodge Reports, and RegionTrack 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%) 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 underway and several smaller hotels completed in the study area. $3,141.9 $3,824.3 $6,966.2

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