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  1. #251

    Default Re: University of Oklahoma

    We keep getting odd info about this project but there is simply no way a housing company enters into a multi-million deal with a large public university (and vice versa) without a contract that specifies all the details.

    I'd really like to understand what is going on here.

  2. #252

    Default Re: University of Oklahoma

    I do want to see how that was all set up. I can't imagine with the law team that OU has they would pull everything out without a plan. Seemed doomed from the start with the cost of living there.

  3. #253

    Default Re: University of Oklahoma

    I heard that the leasing company, originally working with Boren, has an understanding they were going to sign a 25 year lease with OU. Gallogly came in, saw the amount of money they wanted and axed the 25 year lease and would only agree to a single year lease. The original 25 year lease to OU was something like $25 per square foot. After what happened with Gallogly, the leasing company now wants $80 per square foot. (I'm not 100% certain of these prices, but that's what I was told by someone who works for OU directly, but he also wasn't 100% sure on that pricing)

    Literally, OU saw that and just immediately backed out, took absolutely everything g they had there out and moved it back to Cate Center.

  4. #254

    Default Re: University of Oklahoma

    Quote Originally Posted by Colbafone View Post
    I heard that the leasing company, originally working with Boren, has an understanding they were going to sign a 25 year lease with OU. Gallogly came in, saw the amount of money they wanted and axed the 25 year lease and would only agree to a single year lease. The original 25 year lease to OU was something like $25 per square foot. After what happened with Gallogly, the leasing company now wants $80 per square foot. (I'm not 100% certain of these prices, but that's what I was told by someone who works for OU directly, but he also wasn't 100% sure on that pricing)

    Literally, OU saw that and just immediately backed out, took absolutely everything g they had there out and moved it back to Cate Center.
    I do not blame them

  5. #255

    Default Re: University of Oklahoma

    Quote Originally Posted by SoonersFan12 View Post
    I do not blame them
    Absolutely not. Cross Center has been a really weird dissapointment. With any luck, the two sides can figure something out and maybe OU can just buy the entire facility to better accommodate it.

  6. #256

    Default Re: University of Oklahoma

    Quote Originally Posted by Colbafone View Post
    Absolutely not. Cross Center has been a really weird dissapointment. With any luck, the two sides can figure something out and maybe OU can just buy the entire facility to better accommodate it.
    I hope so!

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