Award of $990,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

This $990,000 Cooperative Agreement award from the U.S. Department of Transportation's Immediate Office of the Secretary under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) is intended to facilitate and evaluate public-private partnerships in Tulsa, OK. The funding will be used by the Tulsa Development Authority to build organizational capacity and expertise in innovative financing strategies and asset concession opportunities to support transit expansion and transit-oriented development. Key deliverables include an asset concession report, quarterly progress reports, and other project-related outcomes that are expected to better connect North Tulsa residents and commuters to downtown Tulsa. The period of performance for this award is January 13, 2025 to January 12, 2028.

Activities

Innovative finance and asset concession capacity building to support transit expansion analysis and transit-oriented development with TDA-owned real estate parcels. Deliverables/expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Residents and commuters of north tulsa will be better connected to downtown tulsa.