Keystone Corridor Set for Development

Sand Springs officials are nearing agreement with the contracted developer of the Keystone Corridor redevelopment area, said City Manager Doug Enevoldsen.
Both parties have not released specific terms of the agreement, pending formal approval. When signed, the agreement will move the project from the property acquisition and preparation phase to the redevelopment phase.
“We will likely see new construction occurring in the corridor area in 2007,” Enevoldsen said. “This has been a complex project that has required a lot of patience. It is exciting to watch it move into a phase that will benefit not only our community’s economy, but also our community’s self-esteem and overall image in the Tulsa metro area.”
Once the agreement is signed, the developer will be able to make an aggressive push to sell property on the area.
Voters approved $14.5 million in Vision 2025 funds in 2003 to revitalize the Keystone Corridor area adjacent to the Sand Springs Expressway. Initial efforts have focused on the 31.6-acre area bounded by the expressway, Highway 97, Morrow Road and Main Street.
Approximately $9.4 million has been allocated for property acquisition, resident and business relocation, and site clearance. Another $1.8 million has been allocated for infrastructure and site improvements — including environmental remediation. Around $2.2 million has been allocated for professional services, and $1.1 million is set aside for contingencies.
Several properties are not included in the agreement. Those include the Sand Springs Public Schools’ Early Childhood Center, Centennial Baptist Church and three commercial properties along Highway 97.
The city will not be able to take possession of the ECC until sometime in 2008. Sand Springs school officials plan to build a new ECC somewhere near 81st West Avenue and Parkway Boulevard before they close the current one.
Centennial Baptist Church is expected to stay and the only piece of land the city did use eminent domain on was a vacant lot at 16 W. Oak Street, Enevoldsen said.
Purchase agreements have been concluded on all the remaining residential lots, and purchases are being finalized for the commercial properties.

Was this article helpful?

Related Articles

Leave A Comment?