Since this is the speculation thread, I don't mind posting 'speculation' but I'm being told more announcements are coming.
This is a VERY, VERY strange day!
Perhaps Stage Center will be the site for more than one tower. I think Steve mentioned that some plans for redevelopment went all the way down to Reno. That would be impressive. I think it would also be the final nail in the coffin for a new convention center to be on the southern border of the Myriad Gardens. The asking price for that land would skyrocket, and the temptation to eventually have all four sides of the park bordered by big nice towers would be to much to resist.
It's probably because I'm excited, but I could see this being a catalyst for a huge construction boom in OKC. I think even conservatively, we're looking at 3 or 4 new towers going up within the next 5 years or so. If that is the case, more companies will come.
I'm in a difficult position because I don't want to breach trust. And it's family, so there you have it. But said person told me after this news broke that that person was told more news would break soon after this MLP was announced. Beyond that, I'm just going to leave it up to speculation. This is one of those situations where using my real name isn't handy.![]()
Admiring OKC from the sidewalk. Sidewalk Sid
Admiring OKC from the sidewalk. Sidewalk Sid
There are a couple of OKCTalk regulars who are going to wake up in the morning, see that this thread has exploded overnight, and then have a WTF moment.
Ok, so CenterPoint Energy and OG&E are creating a NEW energy company that will start out with $11 billion in assets (ELEVEN BILLION!) and we are all expecting this new company to HQ here in OKC at the stage center site. And in the process, build a new tower at least the equal (if not bigger) than Devon Tower.
My head is spinning....
Still spinning...
My head has just spun 360 degrees around....
Whoa.
You have now entered...
![]()
I thought I had a good imagination, but I did not think of this.
This development... surprises me...
![]()
Does this new midstream thing with CLP/OGE create a sense of competition with Devon's recent midstream efforts and accelerate the possibility of them building a small tower for their midstream? Or do we think they have plenty of existing capacity for that?
Am I even making sense? I don't know the terminology in this business... sorry...
Should be a good one.
OKC Central Live Chat 10 a.m. Today | OKC CentralI don’t have all the answers, but I don’t sense that Oklahoma City is about to enter into another 1980s oil bust tail spin. The experts I talk to say that even the worst case scenarios with SandRidge and Chesapeake, which are far from certain to take place, can be overcome and absorbed, much as the city was able to recover quickly from the once unthinkable demise of Kerr-McGee. The momentum downtown, from what I can tell, is still in good shape.
Not to be a downer, but this new company can end up in Houston, they are building spec class A office space left & right, and CenterPoint Energy is headquartered there. I guess I am trying not to get my hopes up, until official announcement is made. I hope I am wrong...
Admiring OKC from the sidewalk. Sidewalk Sid
Now i'm wondering if the new MLP with Devon will be Mystery Tower #2...?
Here is a map of the new MLP's combined assets:
From a geographic point of view, Oklahoma City would certainly be central to most of their assets. Also, A good deal of their customers are based out of Oklahoma City, such as Chesapeake and Devon, so maintaining a commercial presence here would make sense.
I have a feeling this might be the mystery tower & OGE tower people have been talking about. Steve mentioned that no one has guessed the right company for new tower, which makes sense because the company has not been created yet, lol. And we have pretty muched named every possible company it could be. People could have been confused that the rumored OGE tower was just for OGE and did not realize it could be part of a merger. So basically we knocked out two birds with one stone.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks