Press Release

Oklahoma Industries Authority receives $8,000,000 grant for OKC 577 infrastructure

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August 15, 2023

Press Release

OKLAHOMA CITY –The Oklahoma Industries Authorty (Authority) received approval for $8,000,000 in funding Tuesday from the Oklahoma Water Resources Board (OWRB) water and wastewater infrastructure. Construction will be financed by the Oklahoma American Rescue Plan Act (ARPA) grant program.

The Authority is currently overseeing the development of the OKC 577 property which will be the largest industrial park in Oklahoma City. These procees will be used to install approximately 5,700 linear feet (LF) of 12-inch water main, and three 10-inch sanitary sewer mains.

Joe Freeman, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $12,596,500 compared to traditional financing.