Carl Albert Redevelopment Project

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

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.

MAP

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

Census Tract: 40123088900

Other Oklahoma Projects

Medefy, Inc. (“Medefy”) is a healthcare app providing employers with the unique ability to directly guide and navigate their employees to make high-quality, low-cost individualized care decisions in real time.

Construction of medical facility that includes an residential opioid use/substance use disorder treatment services
Food Bank Expansion is Fighting Hunger and Feeding Hope
A multi-phase project to redevelop the 1931 Art Deco Center Building, the 1957 Center Building, and the 1972 East Building into a 145 room hotel, more than 180 apartments, restaurants