Lufthansa to Expand Operations in Tulsa
Lufthansa Technik Component Services, the Tulsa commercial aircraft repair company, will more than double employment, to 170 people, after adding 90 new hires in the next few years. Since 2008, the company has increased employment from 28 employees to 80. Lufthansa Technik offers complete repairs for commercial aircraft components, including hydraulics, pneumatics and avionics, emergency and galley equipment.
Port of Catoosa Employers Increase Hiring’s
More than 500 jobs have been added at the 65 companies at the Tulsa Port of Catoosa in the last year, according to numbers released by the City of Tulsa-Rogers County Port Authority. Port officials say employment at the end of June was up 16 percent from a year earlier and now stands at 3,673 workers. With the increase in jobs, the port is also enjoying a record year for shipping. Cargo tonnage from January to July is up 38 percent from the same period in 2011.
High-End Brookside Apartment Complex to be Built
After more than three years of inactivity, plans for a $33 million apartment complex in Brookside are moving forward. Construction on the upscale, 240-unit Enclave at Brookside should begin on a five-acre site at 1414 E. 39th Street. Plans call for a three-story building, a four-story building and a parking structure in back. Floor plans will range from 724 to 1,500 square feet and lease for $900 to $2,000.
State Sales Tax Rises in July
Gross state revenue collections resumed their rise in July following a dip in June. The upturn was driven by increases in revenue from income and sales taxes. For July, gross collections brought in $854.97 million, a 1.1 percent increase from July 2011.
Jenks Green Acres Market Opens in August
Green Acres Market opened in Jenks in early August. The specialty grocery is a cornerstone tenant of the $80 million mixed-use development near the Arkansas River, which also includes the Utica Park Clinic, a health-care facility and the Waterfront Grill restaurant. The 14,000-square-foot Jenks location, with 27 employees, is the third store for Green Acres, after the flagship store in Wichita and another in Kansas City, Mo.
Streets at Top of Broken Arrow Bond Project List
Streets top a $12 million project list in the city’s next sale of general obligation bonds. The bond money will come from the sale of bonds that voters approved in 2004, 2008 and 2011. Under a plan approved by the City Council, the majority of the bonds - $9.7 million – will go toward street improvements. The remainder of the funds will go towards projects at the developing Events Park in East Broken Arrow and a storm water project.
Kendall-Whittier West Park Project Under Way
Construction is under way on the Kendall-Whittier West Park project, part of a $36 million investment into the neighborhood. The project includes 128 mixed-income housing units, 20 student housing units and 7,000 square feet of retail and management space as well as the renovation of the existing neighborhood park. The project was funded by the George Kaiser Family Foundation, the University of Tulsa, the city of Tulsa as well as other funding sources.
Low Bid on Tulsa International Runway Project Saves $13 Million
An intricate financing plan leveraging revenue bonds, federal grants and local matching funds to compress multiyear main runway reconstruction projects into one year at Tulsa International Airport had a $13 million payoff for the Tulsa Airports Improvements Trust. The low bidder’s quote of $15.65 million came in at $13 million below the engineer’s estimate for 5,000 feet of the main 10,000 foot runway.
Bartlesville Hires Firm for Retail Analysis
Angelou Economics will be conducting a retail analysis for Bartlesville looking at shopping and quality of life expectations for the community under a contract approved by the Bartlesville City Council. The cost of the $45,000 study will be split between the city and the Bartlesville Regional Chamber of Commerce.
Tulsa August Sales Tax Revenue up 6.5 Percent
The city’s sales tax collections for August were up 6.5 percent from the same period last year, according to figures provided by the Oklahoma Tax Commission. Tulsa received a check for $18,228,885, up from last year’s check for $17,109,148. The money was collected from purchases made from mid-June to mid-July.
I-244 Bridge Construction on Schedule
The I-244 Arkansas River bridge construction is past the halfway mark as construction crews finish the bridge’s piers and place the steel support beams. The $78 million, two-year project is on schedule and due to be completed by mid-2013. The multi-modal bridge will include three through lanes of vehicular traffic, two rail lines and a pedestrian bridge.
Home Sales Remain Healthy
Northeast Oklahoma Real Estate Services reported that 1,107 homes changed hands last month, an increase of 13.2 percent over July 2011. The year-to-date total of 6,831 is 17.8 percent ahead of the first seven months of 2011. Area sales prices also showed improvement over the previous year, with an average of $168,507 or a nine percent increases over 2011.
Owasso Opens CNG Station
Modeled after a 1920s Shell Service Station, Owasso dedicated its new, 24-hour CNG filling station in late August. Blue Energy constructed the station for about $300,000 and the City of Owasso contributed nearly $1 million into the natural gas system for the facility.
FedEx Donates 727 Jet to Spartan College of Aeronautics
Spartan staff and students, community leaders and FedEx Express executives gathered at Tulsa International Airport in late August to celebrate the donation by FedEx of a Boeing 727-200F aircraft to the Spartan Aviation Maintenance and Avionics Program. FedEx has donated 54 of its Boeing 727 aircraft to colleges and aviation schools over the last 12 year. Spartan offers technology training for aviation maintenance, avionics maintenance, not-destructible testing and quality control.
Tulsa Among Most-Giving Communities
A recent report from the Chronicle of Philanthropy placed Tulsa among the most giving cities in the country. According to How America Gives, an interactive map that ranks giving by state level down to zip code, Tulsa ranks 18th in total contributions among more than 11,500 cities nationwide. In 2008, Tulsans gave $346.3 million, or 6.7 percent of the median income.
Tulsa Dollar Thrifty to Merge with Hertz Corp.
Dollar Thrifty Automotive Group’s board of directors approved a merger agreement with Hertz Global Holdings in which Hertz will acquire the Tulsa-based company in an all-cash deal for about $2.6 billion. The merger has Hertz buying Dollar Thrifty stock at a price of $87.50 per share. Dollar Thrifty has been in Tulsa since 1958 and employs more than 1,200 people in the Tulsa area.
Broken Arrow Makes List of 100 Best Places to Live
Money magazine has named Broken Arrow one of the best small cities in the nation for the third time since 2006. The city ranks No. 69 in the magazine’s 2012 list of the best 100 places to live – the highest of four Oklahoma cities on the list. The publication cites Broken Arrow’s affordable housing, job growth, short commute times, safety, downtown revitalization and the quality of the city’s schools and parks.
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Lufthansa to Expand Operations in Tulsa