More disappointed business house have joined a class-action lawsuit against the City of Tulsa to stop the unfair assessment fees which had been forcefully burdened on them for a new downtown ballpark.
Three others have joined with the previous fifteen business houses who were already included in the suit.
Plaintiffs claimed that the process is simply unfair. The bills that some of the businesses are about to be hit with are nothing short. The assessment fee approved by city councilors on June 4 requires property owners within the Inner Dispersal Loop to pay an annual fee of 6.5 cents per square foot of land and structure.
The lawsuit also claimed that the plaintiffs were deprived of their rights to argue that the assessments on their respective properties were disproportionate to any benefit that would come from a new downtown baseball stadium.
They were denied the ability to complain or challenge the amount of the assessment. And the only issue that could be challenged was the accuracy of square-footage calculations.
The lawsuit also claim that the properties of the plaintiffs will not benefit at all or will benefit only minimally from the assessment, constituting a taking of their respective properties without just compensation.
A portion of the assessment fee levied for 30 years will fund $25 million of the $39.2 million construction cost of the stadium for the city’s Double A baseball team, the Tulsa Drillers.
A $25 million revenue bond was issued in December to be repaid by the assessment fee. The first payment on the bond is due in November.
Source: Tulsa World