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Oklahoma begins process of selling underused property

The former Oklahoma Educational Television Authority studio in Tulsa sells for $130,000. More underused properties are planned to be sold, as part of a recent effort by the state to unload unneeded or unused property.
BY MICHAEL MCNUTT mmcnutt@opubco.com Modified: July 4, 2013 at 11:00 pm •  Published: July 4, 2013
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The state has accepted a bid of $130,000 in what will be its first sale of underused piece of property, an old television studio in Tulsa, as part of a recent effort by Oklahoma, the single largest owner of buildings, land and leases in the state, to sell its unneeded property.

The building is among nearly 150 tracts of land or buildings that the state Office of Management and Enterprise Services identified in the past year as being underused.

Two other properties are being prepared for auction and several others are expected to be put up at auction in the next several months, John Estus, an agency spokesman, said Wednesday.

“It's going to be a lengthy process,” he said. “We're not going to be seeing a fire sale where there are dozens of properties on the auction block overnight. Each one of these properties has its own unique challenges so we have to work through each property individually and address those before we can get them ready to go to market.”

The state awarded a bid for the old Oklahoma Educational Television Authority studio in Tulsa to Victor Tafolla, of Broken Arrow.

The state originally placed a minimum bid of $148,500 on the 6,500-square-foot building, which had been used for storage. The first auction produced no bids; a second appraisal resulted in the minimum bid being lowered to $99,000.

The sale is expected to close in the next 60 days.

Proceeds from the sale will go to the Maintenance of State Buildings Revolving Fund, which was created in legislation that was passed and signed into law last year.

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