That's still significantly less than anywhere else, for more land. The block that was bought up was the one 600 block of W California, right? Or was it the Allen Contracting block? I know they just completed some renovations to their building, and that had to run them a few million dollars. But one of the blocks is mostly empty, and the other has a halfway house on it. Even if you assume each block averages $6 million, that's $24 million instead of the $100M you're looking at elsewhere. With a land swap, that starts to look doable.
I like the site but good luck getting the CVB and thus the Chamber to go along with it.
Just curious, but why would you say that?
Do they have something against that area?
They don't want to be that far from existing hotels and Bricktown.
Sadly, this is a true statement. These projects get built like hot cakes in those cities. In fact, even lesser tier cities like Little Rock, Wichita, etc. can manage to find ways to get them built, but not here in OKC. I too have lost a lot of faith in this city and its direction. The cool vibe we had is losing it's luster and decisions from the Capitol and here in this city are playing a huge role in that.
Great idea hoyasooner. They need to find some investors and buy this land and develop the crap out of it. It is close to CBD and BT and it will only enhance and improve Brickown (which by the way is probably the cities biggest tourist and local draw). So in a sense, they would also be improving, expanding BT as well and that bodes well for the city and everyone anywhere near this area. Sometimes you have to think a little out of the box rather than just CC and CC Hotel. I think a combination that both enhance and and help each others growth and success is the most important thing and decision to be made. If they put this in the Lumber Yard and develop that area, it is by far the best choice proximity wise, but if it helps BT grow and improve and further develop, guys we will have a lot of winners in the end. Sometimes you have to spend a little more to get a whole lot more in return. My point is OKC needs to figure out ways to stop always playing the "cheap card" all the time.
This.
OKC could support at least one luxury condo high-rise. They have worked in similar sized cities and even smaller cities and are going up like weeds in the major boomtowns. OKC could at least support one. Like so many other things though, developers for one reason or another lack faith in this market.
How is the economic impact of the Cox Center only $30m/yr? Usually these numbers seem massively inflated, so if that is really the estimate, I say we should just get out of the convention business.
I mean $30m is about the average payroll of ~300 engineers. Boeing is bringing in about 900 more of those, and 300 can easily fit in less than 50,000 square feet.
Use the money to put a free-to-park garage at central park and BT, or something else that will actually have some real benefit.
It is worse than you think Zorba. About 70% of the attendance at Cox are by poeople from metro OKC, so most of that $30 million isn't even new money in the local economy. Also, that figure includes employee salarys which are paid for by local taxes because the CC itself actually operates at a loss.
I don't see how they can have all this development with one of the highest demands in the country for office space in the CBD and many things popping up in the area, yet really don't think the demand would be there for a high rise? It makes zero sense to be honest. As I mentioned, cities like Little Rock and Wichita have these and we don't and that is hard to wrap my brain around. I truly believe that OKC could support several of these projects and we can't seem to even get 1 of these built.
Like I said before, the city does NOT need to cheap out and use the existing Cox site. That is too prime and needs to be used for something spectacular. If this city still has any vision at all and sometimes I doubt that and think it's in the hands of a select few now, it needs to choose the Lumber Yard and Co-Op site. They need to bring in some investors to help develop the site to help with the cost of it. They can link that to BT and DT and it will all flow together. They can do an expansion of the canal and have space for a Soccer Complex and attract and MLS team. We could have a new CC and CC Hotel almost connected to BT. I think this would be impressive to many visitors and their experience will only enhance OKC's reputation as having that cool vibe (which we are losing currently) and will bring more people here and money into the economy.
I LOVED Pete's idea of what they could do with this site and perhaps using the existing Silo's somehow in the CC Center. It would be unique and quite the conversation piece for everyone. The investors could develop a high rise residential as well as some retail which is sorely needed in this area. Retail would trickle to BT since they would essentially be linked for the most part. I can't imagine why anyone who owns a business in BT is not at these meetings or calling any investors they know to beg them to make something like this happen. Believe me, it may be more money up front but the amount of money and exposure it will make and bring in will pay for itself 100 fold. It is the vision that is needed so everyone wins in this deal and that means not just people in the area but the whole city. All you city leaders and investors out there, if you read this board I urge you to make this the site and have the vision to make this OKC an even greater city for everyone to enjoy.
I asked for anyone who has the skills to do some type of rendering or photo shopping of what this area could look like if we did the CC and CC Hotel there, linked to BT and expanded canal perhaps extending to the Soccer Complex. Also, add in a high rise residential and retail and as bonus, could someone do a mock CC at that site with the Silo's being incorporated in the building? I've asked a couple times, now I am begging for just one person to just show us what this could look like and in my opinion would be one of the more amazing things OKC could ever do for the future of this area. Thanks.
Even if they wanted to go with the silo look, they will not be using the existing metal structures for a million reasons.
just a wag - final two options will be the ones due north and due south of the Peake.
Winning the day will be due south of the Peake.
If they canna afford the spot they've bailed on, they canna afford anywhere other
than the already owned or mostly owned by the city properties.
Not saying I think that is the ideal spot, but I think it almost has to land there. Moving the substation is not cheap. Ripping out the Cox Center isn't either. The former doesn't shut down existing conventions so the south of Peake location loses by a thin margin. Mayor mutters told ya under his breath when it is all said and decided.
Is there any chance the streetcar and maintenance facility could go down Robinson instead of Hudson? Maybe some contingency could be used to cover that difference and maybe even have the maintenance facility just south of I-40 if that's the nearest open site going south down Robinson...
If (this obviously won't happen) they would do something similar to my programmatic site plan, you would have a great mixed-use/CC complex across from the park's "active edge" scheme along Robinson, which would bookend the streetcar extension with active uses. This potential level of density is obviously much earlier than we previously expected with a C2S extension...but only if they can get some mixed-use development to also occupy that massive C2S South site and break up the superblock beside the park.
The $30 million annual impact of the Cox Center was something I found in CVB materials a few years back. It seemed very low to me as well but that's the only thing I could find about that particular facility, as opposed to total convention business for the whole City.
Maybe I'll see if someone from the CVB can provide better numbers. At the very least, over 3 years you are looking at $100 million in economic impact and it's probably a lot more if the Cox site has to be completely closed and renovated.
In the initial round of the Populous scoring, the Cox site was ranked #1 but was later moved out of the 3 finalists due to the cost and impact of disrupting convention business.
If it is now to be reconsidered, they had better plan on fully disclosing all the potential costs, including lost parking revenue which I estimate to be at least $20 million for 3 years. However, the far bigger cost will be to the downtown businesses that currently rely on it's 1,000 spaces. All those cars would have to go somewhere in the interim and since parking capacity is at a critical state, it's safe to say there is no easy solution to that very big issue.
The Reno/Walker site would have a lot more vacant, publicly-owned land if the city had chosen Alternative D for the boulevard.
Lol Heyefahl. Those chickens came home to roost real fast.
Hahaha! On man, that is rich.
WELL, it is definitely not too late for the Council to demand Alternative D! Might as well if we're already going to hold up all of MAPS because CONVENTION CENTER.
This is from the Populous report as part of the explanation as to why the Cox Center site was eliminated:
They say elsewhere that the structural design issue has to do with the arena supporting the existing exhibit space, which is why they couldn't just demolish parts and keep the rest operating.The Cox Center site could not be re-built to meet the required program using phased construction without seriously impacting the continuous booking and hosting of events. Due to the facility’s structural design, sequential demolition and replacement was deemed infeasible. In addition, a central plant providing heating and cooling to the Cox Center and the Oklahoma City Arena would require relocation or extensive modifications affecting the operation of both facilities.
They also said construction costs on this site would not fit within the existing budget.
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