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City of Tulsa·Oklahoma

Real Estate Development

Closes 5/15/2024$5M – $15MRequest for Proposal
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Description

The City of Tulsa seeks a qualified firm to design, finance, and implement a mixed‑use public park on a 56.8‑acre site, integrating revenue‑generating amenities such as a wilderness‑themed lodge, refreshment facilities, and equipment rentals. The selected respondent will develop a comprehensive master plan, produce conceptual drawings, secure floodplain compliance, and present a five‑year financial pro‑forma that demonstrates self‑funding of construction and ongoing park maintenance. The contract is a one‑year term with four optional one‑year renewals, and the firm must assume full financing risk while delivering a sustainable, destination‑grade park. • Scope includes site planning, engineering (including floodplain and hydrologic analysis), environmental compliance, and financing strategy. • Deliverables: case statement, conceptual/site plans, partner list, 5‑year pro‑forma, all within a 25‑page limit. • Evaluation emphasizes regional destination design (30 points), development funding (20 points), and maintenance funding strategy (10 points), plus experience and alignment with city ordinances.

Attached files

Contact

Donny Tiemann(Project Buyer)

[email protected]

Key dates

Opened
3/18/2024
Questions due
4/22/2024
Pre-bid meeting
4/4/2024
Closes
5/15/2024
Projected award
6/26/2024
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
541310
Solicitation №
RFP 24-922

Budget estimate

$5,000,000 – $15,000,000

No contract value is disclosed, but a development of this scale (56.8 acres, park plus hospitality amenities, floodplain engineering, and a five‑year financial model) typically commands a professional‑services contract ranging from several million to low‑double‑digit millions of dollars. Assuming a 1‑year term with extensive design, engineering, and financing work, a reasonable estimate would be between $5 million and $15 million, contingent on the complexity of the financing model and the level of detailed design required.

AI estimate from the solicitation

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