No school for Antler students
Posted: 6:43 AM - No school today in Antlers. There is a power outage that officials hope will be restored later today. Read More
MARSHALL COUNTY, Okla. -- It's one of the biggest developments to come to Texoma in years, and it could bring millions of dollars to the economy. Pointe Vista has a multimillion dollar plan to develop the Lake Texoma Lodge, and officials say they want Marshall County to help with area improvements through a tax increment finance (TIF) plan, but not everyone likes the idea.
The plan is fairly simple: zone an area in Marshall County and put that property tax money into a budget for public development.
But some residents and county officials say it's not as simple as it sounds. The TIF plan would take a percentage of money away from Marshall County's main budget and designate those funds for public improvement.
Pointe vista officials want to use some of those TIF funds to improve roads, water, and sewage at the lodge area before construction starts.
Other local communities, like Ardmore, have implemented similar TIF plans. Ardmore city manager Dan Parrott says the plan prevents tax increase and benefits the entire community.
"You can never have enough funding. This is a way to build infrastructure without raising taxes, and it seems accepted in most communities, but is fairly new to Oklahoma."
This plan will have to be approved by county and city officials. Pointe vista officials say whether or not the TIF is approved, they are sticking to their development plans.
But without the TIF money, they may have to limit their project design.
Posted: 6:43 AM - No school today in Antlers. There is a power outage that officials hope will be restored later today. Read More
Updated: 4:55 AM - COOKE CO, TX-A large black plume of smoke from a Cooke county fire could be seen all the way from Sherman Tuesday. Read More
Posted: 05/21/13 - Storms passing through Ardmore this morning swept away power for nearly 1,700 Oklahoma, Gas and Electric customers. Read More
Updated: 05/21/13 - BRYAN COUNTY, OK -- In the event of a tornado warning Oklahoma emergency management officials advise the public to think twice about heading to a community shelter. Read More
Updated: 05/21/13 - GRAYSON COUNTY, TEXAS -- Even as rain came down in Grayson County, donations continued to pour into the Grayson College Police Department for Moore, Oklahoma. Read More