Vision2 - Vote Yes for Regional Growth

VOTE YES FOR REGIONAL GROWTH

The Background

Vision2025: Approved by voters in 2003

•Citizensrecognizedneedtorevitalizecommunity

•Morejobs,betterqualityoflife •BOKCenter •ExpoFairgrounds •Roadimprovements •RiverParkstrailsystem •ConventionCenterrenovations


Variety Of Vision2025 Benefits

•Improvementstohighereducationfacilities

•OU-Tulsa,OSU-Tulsa,NSU-BA,Langston-Tulsa,TCC

•MortonHealthcareClinic

•Communitycenter/parkimprovementsthroughoutcounty

•TulsaAirandSpaceMuseumskytheater

•Route66projects

•CentennialWalkProject

•Directandindirectbenefitstolocalrestaurants,hotels,otherbusinesses


Tulsa Region On The Rise

•No.2amongcitiesforyoungpeopletofindajob(Fiscal Times, 2012)

•No.3innationalhome-valuegrowth(zillow.com, 2012)

•No.3nationalemploymentoutlook(Manpower, 2012)

•No.6regionforsmallbusiness(Business Journal, 2011)

•Top10pro-businesscommunitiesintheSouth(Southern Business & Development, 2011)

•Top100metrosamongleadingworldeconomies(Brookings Institution, 2012)


Vision2: Keeping A Good Thing Going

No change to current tax rate

Extendour6/10-of-a-pennysalestaxto:

•Createandpreservehigh-qualityjobs

•Improveourqualityoflife

•KeepTulsaCountycompetitive

•Regionally

•Nationally

•Internationally

•Opportunitytosecure11,000aerospace/manufacturingjobs


Vision2: Why Now?

•Actnowtoavoidriskingthousandsofwell-payingjobs

•InvestmentnowwillreapabundantrewardsforfuturesuccessofTulsaCounty

•Historicallylowinterestrates—moreforourmoney

•Continuemomentumandprovideopportunitytotakeactiononcommunitygrowthplans

•Coincideswithpresidentialvote—highturnout/largestpoolofpublicopinion


Vision2: Creating And Preserving Jobs

•Outdatedfacilitieslimitourabilitytocompeteforjobs

•Vision2:aninvestmentincitizen-ownedinfastructure

•Ensuresthesefacilitiesarereadyforfuturegrowth

•Nocashtocompanies



•Job-creationfund

•Attractandkeepcompaniesthatprovideandcreatejobsinourregion’smajorindustries,including:


• Advanced Manufacturing

• Aerospace & Aviation

• Energy

• Health Care

• Information Security

• Professional Services & Regional Headquarters

• Transportation, Distribution and Logistics


Investments in Aerospace, Aviation and Manufacturing

•15,000+TulsaCountyfamiliesdependentontheseaerospace/manufacturingjobs

•Wehaveastrongworkforceintheaerospaceindustry;withoutproperfacilities,werisklosingjobsandworkerstoothercities



Investments in Aerospace, Aviation and Manufacturing (cont’d)

•DevelopinganotherindustrylikethisinTulsaCountywouldcostbillions

•Hundredsofspin-offjobsdependonthesecoreindustriessucceeding

•Aerospaceagrowthindustrywithtremendouspotential



Tulsa International Airport’s (TIA) Industrial Complex



TIA’s Industrial Complex

•Land/facilitiesownedbyCityofTulsaorTulsaAirportAuthorityandleasedtocommercialcompanies

•639-acrecomplexsupports11,000-personworkforce

•Morethan76buildings/structures

•6.5millionsquare-feetoffacilityunderoneroof



TIA Complex Improvements

•Manybuildings,associatedinfrastructuredatebacktostartofWWII

•Vision2proposedimprovementsinclude:

•Roofmaintenanceandreplacementonfacilitiesoccupiedbytwomanufacturers

•Hangarmodificationstosupportnewaircraft(Boeing737,Airbus320,Boeing787)

•Pavementrepairsoframps,roadsandparkinglots

•Upgradeandrepairutilities,addA/C



TIA Complex Improvements (cont’d)

•Newenginetestcelltosupportnext-generationenginesforBoeing787

•Upgradestocurrentenginetestcelltosupportnewandfutureaircraftfleets

•Avionicandcomponenttestequipmenttosupportnext-generationaircraft

•Advancedmaterial/compositetechnology



•CityofTulsaandAirportAuthority(owners/landlords)areobligatedto:

•Maintainandmodernizethefacilities/infrastructure

•Improvethefuturemarketabilityofthesefacilitiesforuseinaircraftmaintenance,aerospacemanufacturingand/orotheradvancedmanufacturing



•Vision2isaboutbuildinginfrastructureandinvestinginourselves,notsupportinganyonecompany

•Vision2looksbeyondindividualjobs

•Impactoflosingjobswouldaffectareaschools,realestatevaluesandhundredsofotherareabusinesses


Vision2: Quality Of Life

•Qualityoflifeamajoreconomicdevelopmentfactor

•Oftenthedecidingfactorforcompaniestostayin/movetoourregion

•Vision2fundswouldallotmoneyforeachcityinTulsaCountytomakeimprovementsastheircitizensseefit



Tulsa County Capital Improvements

County-levelprojectstoimproveourcommunitiesandpromoteahealthyeconomyinclude:

•Publicsafety

•Juvenilejusticecentertobettercombatjuvenilecrime

•LeveestopreventfloodinginwestTulsa



Tulsa County Capital Improvements (cont’d)

•Improvementstocountyroads,bridges,parksandtrails

•Economicdevelopment

•ExpoSquareimprovementstobringadditionalevents/revenue VOTE YES FOR REGIONAL GROWTH

Vision2: The Numbers

VOTE YES FOR REGIONAL GROWTH$361.90 million

(Quality of Life)

$333.94 million

(Airport Infrastructure)

$52.94 million(Job-Creation Fund)


Two initiatives that raise $748.8 million —keeping the current tax rate the same

•EconomicDevelopment–$386.88million

•$254millionforimprovements/equipmentatTIAindustrialcomplex

•$52.94millionjob-creationfundtoofferfinalincentivestocompaniesconsideringlocatinginthearea

•$79.94millionbondcosts/interest



Two initiatives that raise $748.8 million —keeping the current tax rate the same (cont’d)

•QualityOfLife–$361.92million

•$92millionforcountycapitalprojects

•$257.9millionforcityprojects

•$12millionbondcosts/interest



Tulsa County Capital Projects:

•$38millionforajuvenilejusticecenter

•$25millionforroadsandotherinfrastructure

•$12millionforExpoSquare

•$10millionforleveeimprovements

•$7millionforparksandrecreationalfacilities

Total:$92million



Total of $257.9 million divided among cities in Tulsa County based on population

•Tulsa$157.92million•Bixby$11.3million•BrokenArrow$44.1million•Collinsville$3.1million•Glenpool$5.9million•Jenks$9.3million•Owasso$14.4million•SandSprings$10.1million•Skiatook$1.2million•Sperry$0.6million


Vision2: Accountability

•IndependentoversightcommitteesopubliccanseeexactlyhowVision2ishelpingtheircommunity

•Job-creationfundwillhavestrictcriteriaandoversighttoensurethatfundsareusedastheyareintended

•Visitwww.Vision2025.infotoseehowVision2025fundsareallotted/accountedfor

•JustlikeVision2025,aseniorrebatewillbeincluded


Vision2: Keep a Good Thing Going

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Vision2: Keep a Good Thing Going

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Vision2 - Vote Yes for Regional Growth

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Transcript of Vision2 - Vote Yes for Regional Growth