Chickasaw Nation Department of Culture and Humanities

NMTC financing supported the construction of the Chickasaw Nation Department of Culture and Humanities

Investment

  • NMTC Amount: $4,850,000
  • Total Project Cost: $5,210,000

IMPACT

  • 12 FTE jobs
  • 75 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 21,000 sq. ft. of real estate

Investor

Project Description

This project rounded out the combined transaction that included the Silverstone project. Of the approximately $14 million total transaction approximately $5.7 million was dedicated to the remodel and renovation of an existing building owned by one of the Chickasaw Nation’s wholly owned subsidiaries. The Chickasaw Nation had purchased a former bowling alley as part of a larger purchase several years prior to this project. The decision was made to renovate the building to provide office space for the Chickasaw Nation’s Culture and Humanities Department. The project resulted in approximately 21,000 sq. ft. of high quality office space. Ultimately, utilizing NMTC on this combined project resulted in a return on investment to the Chickasaw Nation of approximately $3.5 million dollars that could then be directed to other projects and services.

MAP

Address: 2001 Cradduck Road, Ada, OK 74820

Census Tract: 40123089300

Other Oklahoma Projects

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.
Financing for the construction of a new 30,000 sq. ft. full-service grocery store located in a designated food desert in the northeast neighborhood of Oklahoma City, OK.
In 2005, First Wave Aviation, a Tulsa-based aerospace company, constructed a larger facility to repair and overhaul commercial aircrafts.
The NMTC investment will be used by Sovereign Pipe to purchase a portion of the new equipment that will be used in the manufacturing of HDPE pipe