NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com | Bad Economy Slows Jenks Development
At Azure Couture in the Jenks RiverWalk Crossing business is slow, so slow the store's owner, Dara Dupler, has decided to close.
Another new development called the Village is in the works, but the huge billion dollar development called the River District has been restructured because of money.By Jennifer Loren, The News On 6
JENKS, OK -- The economy is slowing some river projects in Jenks. Developers still have big plans for the city, but are they banking on an economic base that's just not there? One retailer in the process of closing her shop's doors says something's got to give.
At Azure Couture in the Jenks RiverWalk Crossing business is slow, so slow the store's owner has decided to close.
"I've been here for four years, and I'm not making as much money as I hoped to. So, I think it's time to move on," said owner Dara Dupler.
Dupler says she had high hopes for her shop in the beginning. But, she says developers had high expectations for the RiverWalk Crossing.
"When I first signed my lease, you know, I was told that there would be some nationally recognized companies coming in, you know maybe a Gap, Bath and Body Works or Bed Bath and Beyond and it would be open for business in spring/summer of 2007," said Azure Couture owner Dara Dupler.
But she says, instead of national chains next door, there are empty retail spaces and that is bad for business.
"Well, I mean you hate to see anyone closing and the present economic situation, even though it hasn't hit us as hard here, it still hit us," said Jenks Mayor Vic Vreeland.
Jenks Mayor Vic Vreeland says money is tight for developers, but they're still finding ways to move things along.
Phase Two of RiverWalk Crossing is well on its way. Another new development called the Village is in the works, but the huge billion dollar development called the River District has been restructured because of money.
"I'm not for sure where you'd go today to borrow a billion dollars, except the White House. I mean, I don't know where you'd go and if you go to talk to the banks they're kind of laughing at you. So, they're actually going to build that project in phases now," said Jenks Mayor Vic Vreeland.
According to the mayor, River District developers hope to have the first two buildings of phase one started by the end of this year.
Frequently, unemployment is merely reported as a statistic, but The Oklahoma Impact Team is taking a closer look at the people behind the numbers. More>>
The recall affects eight models of cars and trucks dating back to 2005, but Tulsa dealers say the problem is easy to fix and is mostly a preventative measure. More>>
Dozens of people from across the globe are in Tulsa to play pool as Magoo's is hosting the first T-Town Classic – One Pocket Tournament. More>>
Wednesday afternoon, several airlines which serve Tulsa decided to cancel flights in and out of Tulsa on Thursday as the winter storm approaches from the west. More>>
Two Oklahoma mortgage brokers pleaded guilty Tuesday to conspiracy to commit wire fraud in what the feds say was a mortgage scam involving 40 area homes and more than $11 million. More>>
State revenues were below budget estimates again in January despite showing some improvement from the previous month, State Treasurer Scott Meacham announced this afternoon. More>>
The Tulsa City Council wants to know why the city has $3.8 million in uncollected citations. More>>
The city of Tulsa has appealed to the federal government to re-purpose a $3 million Department of Justice grant to allow the city to rehire 35 laid off Tulsa Police officers. More>>
