VOTE YES F OR R EGIONAL G ROWTH
May 24, 2015
The Background
Vision2025: Approved by voters in 2003
•Citizensrecognizedneedtorevitalizecommunity
•Morejobs,betterqualityoflife •BOKCenter •ExpoFairgrounds •Roadimprovements •RiverParkstrailsystem •ConventionCenterrenovations
VOTE YES FOR REGIONAL GROWTH
Variety Of Vision2025 Benefits
•Improvementstohighereducationfacilities
•OU-Tulsa,OSU-Tulsa,NSU-BA,Langston-Tulsa,TCC
•MortonHealthcareClinic
•Communitycenter/parkimprovementsthroughoutcounty
•TulsaAirandSpaceMuseumskytheater
•Route66projects
•CentennialWalkProject
•Directandindirectbenefitstolocalrestaurants,hotels,otherbusinesses
VOTE YES FOR REGIONAL GROWTH
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)
VOTE YES FOR REGIONAL GROWTH
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
VOTE YES FOR REGIONAL GROWTH
Vision2: Why Now?
•Actnowtoavoidriskingthousandsofwell-payingjobs
•InvestmentnowwillreapabundantrewardsforfuturesuccessofTulsaCounty
•Historicallylowinterestrates—moreforourmoney
•Continuemomentumandprovideopportunitytotakeactiononcommunitygrowthplans
•Coincideswithpresidentialvote—highturnout/largestpoolofpublicopinion
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
•Outdatedfacilitieslimitourabilitytocompeteforjobs
•Vision2:aninvestmentincitizen-ownedinfastructure
•Ensuresthesefacilitiesarereadyforfuturegrowth
•Nocashtocompanies
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
•Job-creationfund
•Attractandkeepcompaniesthatprovideandcreatejobsinourregion’smajorindustries,including:
VOTE YES FOR REGIONAL GROWTH
• Advanced Manufacturing
• Aerospace & Aviation
• Energy
• Health Care
• Information Security
• Professional Services & Regional Headquarters
• Transportation, Distribution and Logistics
Vision2: Creating And Preserving Jobs
Investments in Aerospace, Aviation and Manufacturing
•15,000+TulsaCountyfamiliesdependentontheseaerospace/manufacturingjobs
•Wehaveastrongworkforceintheaerospaceindustry;withoutproperfacilities,werisklosingjobsandworkerstoothercities
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
Investments in Aerospace, Aviation and Manufacturing (cont’d)
•DevelopinganotherindustrylikethisinTulsaCountywouldcostbillions
•Hundredsofspin-offjobsdependonthesecoreindustriessucceeding
•Aerospaceagrowthindustrywithtremendouspotential
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
Tulsa International Airport’s (TIA) Industrial Complex
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
TIA’s Industrial Complex
•Land/facilitiesownedbyCityofTulsaorTulsaAirportAuthorityandleasedtocommercialcompanies
•639-acrecomplexsupports11,000-personworkforce
•Morethan76buildings/structures
•6.5millionsquare-feetoffacilityunderoneroof
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
TIA Complex Improvements
•Manybuildings,associatedinfrastructuredatebacktostartofWWII
•Vision2proposedimprovementsinclude:
•Roofmaintenanceandreplacementonfacilitiesoccupiedbytwomanufacturers
•Hangarmodificationstosupportnewaircraft(Boeing737,Airbus320,Boeing787)
•Pavementrepairsoframps,roadsandparkinglots
•Upgradeandrepairutilities,addA/C
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
TIA Complex Improvements (cont’d)
•Newenginetestcelltosupportnext-generationenginesforBoeing787
•Upgradestocurrentenginetestcelltosupportnewandfutureaircraftfleets
•Avionicandcomponenttestequipmenttosupportnext-generationaircraft
•Advancedmaterial/compositetechnology
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
•CityofTulsaandAirportAuthority(owners/landlords)areobligatedto:
•Maintainandmodernizethefacilities/infrastructure
•Improvethefuturemarketabilityofthesefacilitiesforuseinaircraftmaintenance,aerospacemanufacturingand/orotheradvancedmanufacturing
VOTE YES FOR REGIONAL GROWTH
Vision2: Creating And Preserving Jobs
•Vision2isaboutbuildinginfrastructureandinvestinginourselves,notsupportinganyonecompany
•Vision2looksbeyondindividualjobs
•Impactoflosingjobswouldaffectareaschools,realestatevaluesandhundredsofotherareabusinesses
VOTE YES FOR REGIONAL GROWTH
Vision2: Quality Of Life
•Qualityoflifeamajoreconomicdevelopmentfactor
•Oftenthedecidingfactorforcompaniestostayin/movetoourregion
•Vision2fundswouldallotmoneyforeachcityinTulsaCountytomakeimprovementsastheircitizensseefit
VOTE YES FOR REGIONAL GROWTH
Vision2: Quality Of Life
Tulsa County Capital Improvements
County-levelprojectstoimproveourcommunitiesandpromoteahealthyeconomyinclude:
•Publicsafety
•Juvenilejusticecentertobettercombatjuvenilecrime
•LeveestopreventfloodinginwestTulsa
VOTE YES FOR REGIONAL GROWTH
Vision2: Quality Of Life
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)
Vision2: The Numbers
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
VOTE YES FOR REGIONAL GROWTH
Vision2: The Numbers
Two initiatives that raise $748.8 million —keeping the current tax rate the same (cont’d)
•QualityOfLife–$361.92million
•$92millionforcountycapitalprojects
•$257.9millionforcityprojects
•$12millionbondcosts/interest
VOTE YES FOR REGIONAL GROWTH
Vision2: The Numbers
Tulsa County Capital Projects:
•$38millionforajuvenilejusticecenter
•$25millionforroadsandotherinfrastructure
•$12millionforExpoSquare
•$10millionforleveeimprovements
•$7millionforparksandrecreationalfacilities
Total:$92million
VOTE YES FOR REGIONAL GROWTH
Vision2: The Numbers
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
VOTE YES FOR REGIONAL GROWTH
Vision2: Accountability
•IndependentoversightcommitteesopubliccanseeexactlyhowVision2ishelpingtheircommunity
•Job-creationfundwillhavestrictcriteriaandoversighttoensurethatfundsareusedastheyareintended
•Visitwww.Vision2025.infotoseehowVision2025fundsareallotted/accountedfor
•JustlikeVision2025,aseniorrebatewillbeincluded
VOTE YES FOR REGIONAL GROWTH