By Emory Bryan, The News On 6
TULSA, OKLAHOMA -- The City of Tulsa has agreed to sell the Old City Hall to a private developer for $1.2 million. The City Council approved the contract Thursday night, which was the last step in the approval process.
The same family that redeveloped the Mayo Hotel bought the building, with plans to turn it into a 200 room hotel, with a restaurant and retail space on the bottom floor.
The sale includes the 11 story former City Hall and the adjacent building that was used for City Council meetings. The contract stipulates the renovation be done to Hyatt Hotel standards.
As part of the agreement to sell the buildings, the City agreed to use available street improvement funding to re-open Fifth Street from Denver Avenue to Frisco Avenue, which is closed now on the east side of the convention center. The street change would remove the part of the plaza between the County Courthouse and Central Library, creating a ramp down to the lower level, the hotel and Convention Center.