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City of Bartlesville

Posted: May 10, 2018 1:06 PMUpdated: May 10, 2018 1:06 PM

BRTA Meets To Approve Agreement

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Ben Nicholas
The Bartlesville Redevelopment Trust Authority met on Wednesday afternoon where the majority of the meeting was discussing action on adopting and approving a development financing assistance agreement with Sutterfield Property Management, LLC, relating to a property at 314 South Johnstone. 
 
Director Chris Wilson explains the decision to award the agreement.
 
 
Wilson explained that there were incentives put in place should the construction be completed within the year. 
 
 
As discussed during the meeting, the property will be built to a level where businesses could move in and start quickly. It was noted that there were people who were interested in the property, but were not able to spend the time or money to get the area ready. Building this to a “white-box” condition is hoped to alleviate those problems.
 
 

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