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Devon Tower the symbol of the New Oklahoma City

By
Real Estate Agent with The Virtual Real Estate Team 104556

20080822_devonskyscraper_article.jpgIn 2012 Devon Energy will light up the Oklahoma City skyline with a 54 story Tower. The appraised value of the building is 750 million dollars. Back in the 1990's when we did the initial MAPS(Metropolitan Area Projects) that infused the first 350 million dollars for downtown renewal with a one cent voluntary sales tax could we have expected another 2.5 billion invested in downtown, then this. "it's a big deal" was the understatement by Brett Hamm, the President of Downtown Oklahoma City Inc. 7.5 million dollars in extra annual tax revenues will flow into our coffers just from this building. It will be the tallest building in Oklahoma. Larry Nichols, the visionary head of Devon Energy will also put money into the creation of a new downtown park, and other funds will be used for overhauling the Myriad Gardens as well as improvements to the neighborhood surrounding the Tower. This will also have an affect on bringing up property values around it. The Tower will create TIF (Tax Increment Funding) to do the park and other non-profit downtown projects. With the Devon Tower and the master plan community surrounding the Chesapeake Energy Campus, both of the huge independent energy companies are transforming the landscape of the Downtown and Northwest Oklahoma City areas. Both of these companies have put an extreme emphasis of not only creating hundreds if not thousands of high paying jobs, they are also contributing to the quality of life in our city, and backing cultural events and centers that we can be proud of. It is gratifying that when I have investors come in from other states and other countries, that when they see Oklahoma City with fresh eyes, they marvel at the progress, the many construction projects, and see what i see, a great place not only to live, but a great place to invest in both residential and commercial real estate. As a native Oklahoman, I will live to see this magnificent building, and the most important American Indian Cultural Center on 360 acres completed in the next four years. We will be able to point with pride that no longer will we be just known for the terrorist attack on the Murrah Federal Building, but like the fabled Phoenix, a city that rose above tragedy to show that when people come together in Harmony and singular purpose, the best is yet to come. Please come and visit and let me show you around. It will be my privilege.  

Comments (1)

Mobile Austin Notary
Apostille/Authentication/Embassy Legalization, Notary Public, Loan Signing Agent & Process Server Services - Austin, TX
www.mobileaustinnotary.com

Looks like it will be a great place to visit.Butterfly

Dec 08, 2008 09:47 AM