Oklahoma County wants to buy GM plant for Tinker

 
By John Estus | Published: March 12, 2008    Comment on this article Leave a comment

A proposed taxpayer-funded purchase of the General Motors plant has sweeping implications on and off Tinker Air Force Base, which could help breathe life back into the abandoned car factory and take a bold step of its own if voters approve the plan.

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County wants to buy GM plant

Mar 11A possible bond issue would allow Oklahoma county to buy...

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DESIGN BY CHRIS SCHOELEN/PHOTO BY JOHN CLANTON, THE OKLAHOMANBY NATE BILLINGS, THE OKLAHOMAN ARCHIVE
Other propositions
The ballot will include four other propositions totaling more than $30 million. They are:

•Courthouse renovations, $10.5 million. Commissioner Ray Vaughn said the courthouse is falling into disrepair and needs more energy-efficient utility equipment.

•County records retention, $5.75 million. Many of the county's records are kept in unsafe areas and the money would allow the county to buy new space to keep records and create a new records management program, Vaughn said.

•Natural disaster mitigation and flood relief: $6 million.

Oklahoma County was declared a federal disaster area seven times last year. County officials want to participate in a federal program that gives the county three dollars for every dollar it spends on natural disaster mitigation projects such as flood control improvements.

•New Oklahoma County Extension building: $7.25 million. The county has a agreement with Oklahoma State University to offer community services at the county extension building on the campus of OSU-Oklahoma City. Vaughn said that building, built in 1965, has become inadequate and needs to be replaced.

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Oklahoma County commissioners are expected to call a May 13 election today for an $83.5 million bond issue that would fund the county's recently announced offer to buy the GM plant for $55 million and lease most of it to Tinker.

The base could then move airplane maintenance and manufacturing operations to the neighboring property, allowing for dozens of deteriorated base buildings to be bulldozed to open room for new missions at the base.

"Your commissioners would not ask the taxpayers of Oklahoma County, who have been faithful over the last 67 years in their support of Tinker and county government, to support these initiatives if we were not sure that they were vital and valuable to the future of Tinker Air Force Base and Oklahoma County,” Oklahoma County Commissioner Ray Vaughn said during a news conference.

If approved, the bond issue would cost the owner of a $100,000 home an extra $15.16 a year in property taxes, Vaughn said. The bonds would be sold over a period of 15 years.

"We think that's a very reasonable price to pay on behalf of the benefit that will be derived from our partner, Tinker,” Vaughn said.

State money also likely
The $84.5 million bond package also includes propositions for county courthouse renovations, county records storage improvements, disaster preparedness and a new county extension building, but area leaders acknowledged Tuesday that the election is driven by the need to support Tinker.

That's why state, county and GM officials have spent the past year negotiating the purchase of the 3.8 million-square-foot factory and the 430 acres it sits on. State Treasurer Scott Meacham helped lead negotiations with GM.

He and Vaughn confirmed Tuesday that state money could possibly become part of the GM plant offer by the end of the current legislative session in late May.

If state money enters the picture, it's possible that the county wouldn't need to sell all the proposed bonds. That's what happened in 2002, when county voters approved a $50 million Tinker bond issue that paid for security improvements around the base and allowed the county to buy property near base runways that needed to be demolished for safety reasons.

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