The team behind the major economic development project to revitalize the First National Center in Oklahoma City participated in the New Markets Tax Credits program as part of the overall strategy to fund this historic redevelopment. Oklahoma City developer Gary Brooks and NE Development’s Charlie Nicholas, purchased the 32-story First National Center, formerly First National Bank, in early 2017. The owners are leading 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 and 35,000 sq. ft. of lease and event space. The beginning phase includes a parking Garage & Gallery, creating more than 600 new parking spaces downtown.