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$120 million federal loan completes funding for Gilcrease Expressway completion

$120 million federal loan completes funding for Gilcrease Expressway completion

Tulsa World
By Barbara Hoberock
May 21, 2020

OKLAHOMA CITY — The federal government has approved a $120 million loan to finish the Gilcrease Expressway in west Tulsa.

The 1.35% interest rate and the loan will be repaid with tolls over the next 30 years, said state Transportation Secretary Tim Gatz.

The last component of the package to construct the roadway was the loan, Gatz said.

“We knew it was going to happen,” he said. “To get all the way to closing, it took a little longer than we expected.” FULL ARTICLE

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