"the forthcoming public and private developments are like Maps x 10"

[kbsooner]

Just heard on Channel 9 - Kelly Ogle referring to Steve's comment when discussing the upcoming downtown developments... NEED INFO SOON!

Steve's OKC Central ‏@stevelackmeyer 1m
Wow. Thanks @kellyogle for such wonderful mention tonight. Nice recollecting w/ you our early days as reporters....
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8:25 PM - 18 Jul 13 · Details

[Plutonic Panda]

I heard that too!!! Someone please enlighten us

[dankrutka]

Is the clip posted online?

[UnFrSaKn]

My 2 Cents: Detroit Goes Bankrupt - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

[bchris02]

My guess is he is referring to the mystery tower(s) which should be announced at any time now.

[Pete]

The 8th & Oklahoma announcement today is $45 million alone, and we've got tons in the pipeline, like the Mosaic, the East Bricktown development, Maywood Park Apartments II, whatever Nick Preftakes is up to... All the MAPS 3 stuff about ready to pop... The Boulevard... Lots of things in process in Midtown... And the little matter of a tower or two or three.

All that adds up to some really big numbers!

[Praedura]

The 8th & Oklahoma announcement today is $45 million alone, and we've got tons in the pipeline, like the Mosaic, the East Bricktown development, Maywood Park Apartments II, whatever Nick Preftakes is up to... All the MAPS 3 stuff about ready to pop... The Boulevard... Lots of things in process in Midtown... And the little matter of a tower or two or three.

All that adds up to some really big numbers!

Well, MAPS 3 itself is about $770 million. Make that times 10 and you get $7.7 billion.

I don't know how much all this stuff will add up to, but I'm pretty sure that if you pour 7 bil into OKC, the results are likely to be pretty noticeable (if not spectacular).

[Pete]

I would bet the comment was referencing the original MAPS and probably includes things already under construction on maybe even recently completed.

We could get to several billion pretty easily, especially if you add in Devon which was $750 million alone.

[Praedura]

I would bet the comment was referencing the original MAPS and probably includes things already under construction on maybe even recently completed.

We could get to several billion pretty easily, especially if you add in Devon which was $750 million alone.

Yes quite likely. And the 'times 10' comment could just be figurative language meaning 'a lot more than', not an exact multiplicative factor. But I'm just having fun with the quote.

Hey, I'd be quite happy with a couple billion in total investment dollars for recent and upcoming projects. As someone else once said, "a billion here, a billion there... pretty soon you're talking real money".

[adaniel]

Yes quite likely. And the 'times 10' comment could just be figurative language meaning 'a lot more than', not an exact multiplicative factor. But I'm just having fun with the quote.

Hey, I'd be quite happy with a couple billion in total investment dollars for recent and upcoming projects. As someone else once said, "a billion here, a billion there... pretty soon you're talking real money".

If you want to extrapolate everything from MAPs in 1993 onward, 10x is probably a bit conservative.

[Teo9969]

With non-tower, non-MAPS development, Downtown is probably approaching $250M - $500M under construction/in the pipeline. If 2 $500M towers are announced and you factor in $750M Maps, you're already talking $2B in, what, 5 years?

[soonerguru]

Is everyone getting the sense that this city is about to explode as the next great American city? I do.

[Just the facts]

Is everyone getting the sense that this city is about to explode as the next great American city? I do.

The only thing that would make me say No to that question is that this type of development is not unique to downtown OKC. Every city in America has been re-urbanizing for going on 15 years now (with a short slow down after 2008). If anything, OKC was late getting out of the starting blocks and who knows if it can run fast enough to catch up with other cities. Even here is Jax where we took a serious hit to our real-estate we already managed to build 3 high-rise residential towers downtown on the Southbank.

[soonerguru]

The only thing that would make me say No to that question is that this type of development is not unique to downtown OKC. Every city in America has been re-urbanizing for going on 15 years now (with a short slow down after 2008). If anything, OKC was late getting out of the starting blocks and who knows if it can run fast enough to catch up with other cities. Even here is Jax where we took a serious hit to our real-estate we already managed to build 3 high-rise residential towers downtown on the Southbank.

True. But there is a vibe here that is incredibly optimistic and our economy is rocking.

[Spartan]

The only thing that would make me say No to that question is that this type of development is not unique to downtown OKC. Every city in America has been re-urbanizing for going on 15 years now (with a short slow down after 2008). If anything, OKC was late getting out of the starting blocks and who knows if it can run fast enough to catch up with other cities. Even here is Jax where we took a serious hit to our real-estate we already managed to build 3 high-rise residential towers downtown on the Southbank.

Yeah, but Jax is still at a point where everything hit and new is in the burbs. There are a few Mesta-like neighborhoods but the downtown, while building vertical still, is hardly seeing our level of development.

The difference between us and other peer cities is the downtown is no longer a cool novelty. It's the fastest growing part of the city.

[Pete]

Is everyone getting the sense that this city is about to explode as the next great American city? I do.

Yes.

I've said for a while I thought OKC would be the next American city to move into boom town territory, i.e. 20% population growth in a decade (we are off to a good start since 2010) and lots of new construction everywhere.

You can just feel the momentum building and now that the financial markets are out of the toilet and there is actually money to be loaned, I think the dam is getting ready to break.

Like anything, so much about a city is perception and as the perception grows that OKC is hot, it will only become hotter.

[Spartan]

Is everyone getting the sense that this city is about to explode as the next great American city? I do.

Definitely. As long as oil stays up.

[Bellaboo]

Definitely. As long as oil stays up.

I doubt Oil will ever get below $ 65.00 again.

[bchris02]

Is everyone getting the sense that this city is about to explode as the next great American city? I do.

We'll have to see. What OKC needs is so much development happening at once that it causes the rest of the nation to rethink the stereotypes they have of OKC and give it a second look. That's the only way OKC will ever become the "place to be" like Charlotte was in the 2000s and Austin and Portland currently are. Things are setting up so just that may be a possibility.

[Bellaboo]

We'll have to see. What OKC needs is so much development happening at once that it causes the rest of the nation to rethink the stereotypes they have of OKC and give it a second look. That's the only way OKC will ever become the "place to be" like Charlotte was in the 2000s and Austin and Portland currently are. Things are setting up so just that may be a possibility.

Let 3 major towers be under construction at once and we'll be there.

[Thundercitizen]

We'll have to see. What OKC needs is so much development happening at once that it causes the rest of the nation to rethink the stereotypes they have of OKC and give it a second look...

In an indirect, yet unmistakable way, the Thunder add an allure to the city in various ways. It helps they're turning out to be a perennial contender.

[soonerguru]

We'll have to see. What OKC needs is so much development happening at once that it causes the rest of the nation to rethink the stereotypes they have of OKC and give it a second look. That's the only way OKC will ever become the "place to be" like Charlotte was in the 2000s and Austin and Portland currently are. Things are setting up so just that may be a possibility.

One could argue that having everyone in the world discover OKC overnight could be more of a problem than an asset. Austin in particular has grown at an unsustainable rate. I'll take our 10 to 15% annual growth every year. That is a solid, "smart growth" number. Also, we don't necessarily need to be recognized by the entire world as "the place to be." We just need OKC to be awesome for those of us who choose to live here. We'll get our day in the sun eventually.

[Teo9969]

One could argue that having everyone in the world discover OKC overnight could be more of a problem than an asset. Austin in particular has grown at an unsustainable rate. I'll take our 10 to 15% annual growth every year. That is a solid, "smart growth" number. Also, we don't necessarily need to be recognized by the entire world as "the place to be." We just need OKC to be awesome for those of us who choose to live here. We'll get our day in the sun eventually.

Did you mean 10% to 15% 10-year growth?

And OKC could sustain twice the amount of growth Austin has been experiencing and it probably still wouldn't feel as bad as it does in Austin. 3 interstates to 1 + a consistent grid pattern gives OKC the ability to grow at astonishing rates.

[Spartan]

Did you mean 10% to 15% 10-year growth?

And OKC could sustain twice the amount of growth Austin has been experiencing and it probably still wouldn't feel as bad as it does in Austin. 3 interstates to 1 + a consistent grid pattern gives OKC the ability to grow at astonishing rates.

Yeah, we have a lot of room to grow without sprawling geographically.

[Teo9969]

I think it depends on what you mean by the next "Great American City".

OKC is not passing the growth rate of Austin in the next 15 years, and Seattle/Portland will likely continue to be more desired locations as well. OKC still needs to diversify it's economy more.

That being said...I think OKC's most basic infrastructure is possibly the strongest in the country to sustain rapid growth. And if the City can find a manageable way to implement comprehensive public transportation in the next 25 years, then I think 30 years from now, the sky is the limit.