There's a lot of talk about ONEOK Field around Tulsa, Oklahoma and its benefits to the entire metro area. So, we wanted to talk about some of those benefits in our blog this week.
The creation of ONEOK Field will create new jobs, bring visitors and visitor dollars and help increase property values. The benefits will result in increased property tax revenues and sales tax revenues, 1.417% of which goes to the county. Tulsa is continuing to do their best to rank among the best in the nation by continuing to invest in improving in economic development.
The ONEOK Field will benefit Tulsa most by providing around 1,400 temporary construction jobs and 200 permanent positions. The field is expected to bring in an estimated 400,000 new visitors each year to downtown Tulsa, resulting in an estimated $160,000 in annual sales tax revenue for Tulsa, which will significantly help improve city's development activity.
Tulsa, Oklahoma residents throughout the region will benefit from the new jobs, the visitors' dollars, the increase in property values and sales tax revenues. They will also have the opportunity to enjoy more activities and entertainment in the downtown area.
The ONEOK Field will be a great addition to Tulsa, Oklahoma and we hope to see more like it that will be just as much of a benefit.
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