TulsaNow Buys Kanbar Properties
In a stunning reversal of the trend towards out-of-town ownership of downtown Tulsa properties, local non-profit TulsaNow has purchased the entire portfolio of Maurice Kanbar's historic Tulsa buildings.
"We've said for years that we wanted to help support downtown revitalization efforts," said TulsaNow President, Sarah Kobos. "Too many historic buildings were just sitting there stagnating. We finally realized that the fate of downtown is too important to leave to the professionals. So we just decided to take matters into our own hands."
The purchase price of $108 million for 20 downtown properties may seem steep for a local non-profit with no paid staff, but as TulsaNow forum staff mentions, "Banner ad sales on our website really took off, so we wondered, 'How can we best use these funds.'"
According to Michael Patton, a TulsaNow board member and Executive Director of the M.E.T, "Whenever owners demolish historic buildings, the environmental impact is enormous. You not only lose irreplaceable architecture, you lose all the materials and energy used to create that building. Not to mention that it all ends up in a landfill. If you think about it, historic preservation is the new green."
For complete details, see the full press release here (//%22http://www.tulsanow.org/april.asp%22).
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Tulsa Now makes important Announcement
The Nonprofit Tulsanow Corp. LLC has announced it's plans to demo several dilapidated Down Town Tulsa structures. We have plans to convert the Mayo Hotel and the Mid Continent Tower into surface parking. Something the area has a serious lack of. Both buildings are dilapidated and honestly quite ugly said a spokes person. I mean the Mayo lacks Bidets in its rooms and does not even have a pool. And don't get me started on the hideous art deco style of the mid-continent building. Marble? Stained Glass? It makes me sick just looking at it. If this goes through we have plans to convert every building downtown into profitable surface parking lots.
What you need to do is convert civic center plaza into a strip mall with a Cato and a Dollar tree. It's what they do with every other property.