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Ada, OK (2017)

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

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