Tulsa Industrial Authority

Matt Trotter / KWGS

A mixed-use project slated for the northwest corner of 11th Street and Lewis Avenue is in line for up to $5 million in public assistance.

ITulsa LLC is behind the $38 million development at the old Tulsa Welding School site, which will include 245 apartments, a parking garage with around 400 spaces and at least 8,000 square feet of commercial space. Funds will be paid out over 25 years from increased property and sales taxes after the project is built.

Special taxing districts the City of Tulsa uses to support new developments brought in 30% less than expected in fiscal year 2020.