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Over the past 20 years, the area has morphed into an eclectic collection of bars, restaurants, residences, retail, additional businesses, performance venues, museums and arts establishments. There has been some revitalization with a few buildings renovated into new office space while still remaining true to their historic past. A new baseball park—ONEOK Field is located in the Greenwood District on the east edge of the district.

The Tulsa Arts District area encompasses the Brady Village Tax Increment District Number One as approved on December 9, 1993 by the City of Tulsa. The district is bounded by Denver on the west, Interstate 244 on the north, Elgin on the east and the railroad tracks on the south. In 2010, two areas within the Tulsa Arts District were designated in the National Registry of Historic Places. These included the Brady Historic District and the North Cheyenne Historic District. Other areas of historic significance include the North Brady District and South Brady District as named by the Oklahoma State Historic Preservation Office. The larger Tax District includes these historic districts, more of the recent development of the area and a portion of the Greenwood District between Martin Luther King, Jr. and Elgin.

The revitalization of the Tulsa Arts District is a portion of the development downtown Tulsa has seen in the last several years. The Blue Dome District, which has steadily developed as a new area for nightlife with bars and dance clubs is on the south edge of the Tulsa Arts District and Greenwood Districts. Williams Plaza and Tulsa City Hall are directly south of the district along with the Performing Arts Center and the Jazz Hall of Fame, also known as the Union Depot. Farther to the south, the Deco District, named for its iconic collection of Art Deco buildings, has also been a contributing area to the downtown Tulsa development. The BOK Center is a few blocks southwest of the Tulsa Arts District on Denver and is home of one of the top world venues for entertainment of all kinds.