Council member calls for public vote on controversial TIF funding

In a recent government meeting, discussions centered around a proposed Tax Increment Financing (TIF) project in Norman, which has sparked significant community debate. A council member highlighted that the city's population growth rate surpasses that of neighboring areas, with the exception of Oklahoma City. However, the proposed TIF has faced considerable opposition, with 111 residents voicing their disapproval compared to 55 in favor.

The council member emphasized the contentious history of the area, referencing the original University North Park development, and suggested that the decision on the TIF should ultimately be made through a public vote. This proposal involves a substantial financial commitment, with public dollars amounting to hundreds of millions, and the debt and financing costs projected to exceed the principal cost of the project.

Given the divisive nature of the discussions and the significant financial implications, the council member expressed their inability to support the TIF funding without a clear mandate from the public. The meeting concluded with an acknowledgment of the community's engagement in the ongoing dialogue surrounding the project.