MAPS program spurs $7 billion in investment in Oklahoma City

Published: Thursday, November 21, 2019 By: Chamber Staff Source: Greater Oklahoma City Chamber
totals, the report also looks specifically at downtown and the impacts on its revitalization since the passage of MAPS 3 in 2009. The study found:

  • The total market value of properties nearly doubled between 2009 and 2017 – a gain of $1.88 billion which exceeds the $1.8 million expended by the City on all MAPS programs to date
  • Population in downtown grew by 20.8 percent, adding 2,200 new residents
  • The rate of population growth is twice the average for the county, and three-times the average for the state
  • 2,700 housing units have been added during this period, and the median age is falling
  • School enrollment in the downtown area has increased, including more than 800 residents enrolled in college or graduate school
  • More than 9,000 jobs were added, and growth far surpassed levels in the county, metro and state
  • Most new workers commute from outside the study area, but inside Oklahoma County
  • An initial 1,220 hotel rooms were added in the area following the 1993 vote, with another 1,532 rooms added since 2009
  • When the Omni Oklahoma City Hotel opens with 605 rooms in 2021, the total number of hotels will reach 3,768, a nearly 10-fold increase over the number of rooms available at the start of the MAPS projects
  • Visitation/participation in the downtown area has increased from nearly 6.5 million in 2003 to more than 11 million annually in 2017

To view the full report, visit www.okcchamber.com/mapsimpact.

 

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