Over Development

[SoonerRiceGrad]

quote:Originally posted by aoxamaxoa

Tulsa is quickly becoming overdeveloped much worse than in 1981.

The announcement by Dixie Development to construct 4-500,000 sq. ft. mixed use shopping/entertainment with another 66 acres across Elm for a "lifestyle center" on the BA at Elm near Bass Pro is the tipping point.

We will see many many years of infill redevelopment. But these enormous undertakings will eventually lead to major strains throughout Tulsa on pricing and value.

Already on 71st street between Memorial and Garnett, big boxes lay empty. And the TIF driven highway 75 and 71st is not even opened yet.

Add to it the housing slow down, lack of growth, and "full" employment and this all adds up to trouble.

It's called growth.

[aoxamaxoa]

quote:Originally posted by SoonerRiceGrad

quote:Originally posted by aoxamaxoa

Tulsa is quickly becoming overdeveloped much worse than in 1981.

The announcement by Dixie Development to construct 4-500,000 sq. ft. mixed use shopping/entertainment with another 66 acres across Elm for a "lifestyle center" on the BA at Elm near Bass Pro is the tipping point.




We will see many many years of infill redevelopment. But these enormous undertakings will eventually lead to major strains throughout Tulsa on pricing and value.

Already on 71st street between Memorial and Garnett, big boxes lay empty. And the TIF driven highway 75 and 71st is not even opened yet.

Add to it the housing slow down, lack of growth, and "full" employment and this all adds up to trouble.

It's called growth.

Pretty random unsophisticated growth....

Sounds like a simplistic frat girl stab. Growth is not good when money is lose on the town. We are not even through phase one of the winding down of home building. When the secondary market folds, then things will get rough.

The local entertainment venues are already reflecting an interesting turn except our casinos.