Big downtown deals may die if state historic tax credits are suspended

by Steve Lackmeyer Modified: May 25, 2010 at 5:21 pm •  Published: May 25, 2010
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/> His portfolio includes the $37 million conversion of Kansas City’s Cold Storage warehouse into 224 apartments. Within Oklahoma he has a project list totaling $50 million and work completed to date includes the Surety Apartments in downtown Muskogee.

Hassenflu’s plans in Oklahoma City go beyond the Bond Bakery and could create a northern counterpart to Mason’s development on NW 9. On a normal day I wouldn’t write about such a development yet, since the deal isn’t done.

But those passionate about downtown might be interested in knowing that Hassenflu is planning a halt to all of his Oklahoma projects if Gov. Brad Henry signs a two-year moratorium on state historic tax credits.

That list includes the Bond Bakery, and its prospective redevelopment joins properties in the MidTown Renaissance project and conversion of the old Fred Jones factory west of downtown that now have a much murkier future ahead.

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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