New Markets Tax Credit Coalition

  • Ada,
  • OK
  • (2014)

Carl Albert Redevelopment Project

District: Tom Cole (R-OK04)

The Chickasaw Nation partnered with a CDE of the Cherokee Nation to use NMTC to transform a shuttered I.H.S. hospital in Ada, OK.

Investment

  • NMTC Amount: $23,250,000
  • Total Project Cost: $30,776,535

IMPACT

  • 50 FTE jobs
  • 425 construction jobs
  • 586 patients served

CDEs

Investor

Project Description

The Chickasaw Nation partnered with a CDE of the Cherokee Nation to use NMTC to transform a shuttered I. H.S. hospital in Ada, OK. Now known as the Carl Albert Multi-purpose facility, the project provides employment, education and health services. NMTC provided $5 million out of an overall $40 million project budget to catalyze additional development in this highly-distressed community.

External Profile

MAP

Address: 1001 North Country Club Road, Ada, OK 74820

Census Tract: 40123088900

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