Vision 2025: A Look Back
On September 9, 2003, voters of Tulsa County approved a 13-year increase in the Tulsa County Sales Tax to fund new economic development and quality of life projects. The 0.6 percent tax package delivered projects in each of the 10 cities in Tulsa County. The 13-year tax expires in 2016.
RETURN ON INVESTMENT
Through 2015, Vision 2025 has generated more than $651 million. In that time, $573 million in payments have been paid to dozens of projects, including the iconic and beloved BOK Center.
Since opening in 2008, the BOK Center has sparked approximately $921 million in private development in Downtown Tulsa including residential, retail, restaurants and nightlife. The arena employs nearly 100 full-time employees and more than 450 part-time employees.
Since opening, the BOK Center has:
- Welcomed over 5 million visitors (about 700,000/year).
- Hosted more than 1,200 events.
- Generated nearly $17 million in sales tax revenue (average of $2.4 million a year).
- Delivered estimated economic impact of nearly $300 million.
PROJECTS IN EVERY COMMUNITY
Vision 2025 created more than 30 projects located throughout Tulsa County. A few examples of projects include the purchase and renovation of the Tulsa Union Depot for the Oklahoma Jazz Hall of Fame, the Tulsa Air and Space Museum & Planetarium, Oklahoma Aquarium construction debt retirement and Expo Square improvements.
Education investments include additions to University of Oklahoma-Tulsa, Oklahoma State University-Tulsa, Northeastern State University-Broken Arrow, Tulsa Community College and Langston University-Tulsa.
Vision 2025’s success isn’t limited to just the projects it directly funded. Since the package passed in 2003, substantial private investment has occurred as a result of Vision. Numerous developments have helped shape entire districts in the central Tulsa area, including the Arena District, Blue Dome District, East Village, Pearl District and the booming Brady Arts District.
Developers of projects in these areas largely credit the passage of Vision 2025 as the catalyst for their investments. Today, citizens of Tulsa County and visitors alike enjoy restaurants and bars, live music and other entertainment, art galleries, public park space and more.