Jenks Shopping Center Construction to Resume This Year, Simon Premium Outlets Announces | Local business news
From staff reports
Earlier this year, Jenks’ city manager expressed little concern about halting construction on a proposed mall.
“They obviously own the property, because they’ve started construction, so we’re optimistic here that it will start at some point,” Jenks Town Manager Christopher Shrout said in February. “I think it’s a question of ‘when’ and not ‘if’.”
Simon Premium Outlets announced on Wednesday that the “when” will be sometime later this year.
Construction on the site of Tulsa Premium Outlets, a proposed mall just south of the Creek Turnpike in Jenks, is scheduled to resume in 2022 after being essentially halted since March 2020 during the pandemic.
“This rapidly growing and prosperous market is well positioned for Simon’s vision of value-driven shopping and will serve as a regional draw,” Simon Premium Outlets said in a press release.
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The center will be approximately 330,000 square feet and will have nearly 100 retailers, with a grand opening scheduled for 2024, the statement said.
Tulsa Premium Outlets LLC purchased 51 acres for the Jenks Project for $12 million.
In the original Economic Development Tax Increase Funding Agreement #2, the City of Jenks agreed to reimburse Simon for certain TIF public improvement projects.
A TIF is a method of public funding that diverts property tax revenue from the TIF district to pay for public improvements there over a specified period. Jenks TIF #2 is generally bounded by the Creek Turnpike to the north, the Arkansas River to the east, Polecat Creek to the south, and Elm Street to the west.
When Tulsa Premium Outlets was announced, it was expected to generate 400 construction jobs and 800 part-time and permanent jobs.
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