The Journal Record

Oklahoma County Residential Sales: March 17, 2006

The following transactions were recorded over the past week with Oklahoma County Clerk Carolynn Caudill: $400,000 and above

Mwc H.M.A. Buys Target Building, Land for $2.5m; Plans Expansion

Midwest City H.M.A. Inc. has purchased the old Target store and the land it rests on at Reno Avenue and Midwest Boulevard in Midwest City for $2.5 million, said Doug Arnold, chief executive officer of Midwest Regional Medical Center. The plan is to expand the campus of Midwest City hospital. The Target Corporation put the old Target up for sale, along with its 10.8 acres, Arnold said. It is about 100 feet away from our campus. Our campus has been in dire need of land because of our parking pr...

Paul Dougherty Resigns As Ceo From Deaconess Hospital

Paul Dougherty, CEO of Deaconess Hospital, is resigning effective April 14 to assume the position of CEO of Mercy Medical Center in Sioux City, Iowa. Dougherty has been at Deaconess as CEO for nine years. Peggy and I have very mixed emotions about leaving Deaconess and Oklahoma City, Dougherty said in a prepared statement. Were it not for an exceptional career opportunity for me at Mercy Medical Center, we planned to retire here. I know that I am leaving Deaconess in good hands with an except...

Tinker Federal Credit Union Celebrates 60 Years of Service

Tinker Federal Credit Union will celebrate its 60th anniversary on Monday. During those 60 years, the credit union has grown from offering savings accounts and loans for a handful of members who worked on base to providing a full range of financial and online services to members from more than 450 companies.

Local Gas Prices On the Rise: Oklahoma No Longer has Edge Over Others

Oklahoma's gas prices are normally far less than the national average, but that gap has decreased this week. The national average for regular unleaded is $2.39, barely above Oklahoma's statewide average, which reached $2.35 Thursday. Locally and statewide, the price has risen at a much faster rate than in many other parts of the country.

Economic Club of Oklahoma Plans Dinner Meeting

Lane Riggs, vice president of optimization planning and economics for Valero Energy Corp., will be the speaker for the Economic Club of Oklahoma's dinner meeting on Monday at the Petroleum Club in downtown Oklahoma City. A reception is scheduled at 5:45 p.m. Riggs' presentation will be at 6:30 p.m. followed by the dinner.

Officials Unveil $350 Million Lake Texoma Private Development Deal

A Connecticut firm is expected to invest up to $350 million in a new private development effort aimed at revitalizing Lake Texoma State Lodge and Park with a new lodge, golf course, walking trails, restaurants and residential developments, state officials announced Thursday. Under the terms of the proposed deal, Gagne Development Co. Inc. will buy 750 acres, including the old lodge and property at Chickasaw Pointe.

Okc Events: March 17, 2006

The annual Festival of the Arts has been a wonderful rite of spring for 40 years in downtown Oklahoma City, first at the park in front of Civic Center Music Hall and since on Hudson Avenue, between Sheridan and Reno avenues, including the Myriad Botanical Gardens. Yesterday, we wrote about the 40 years of the Oklahoma Hospitality Club. Today, it's 40 years of Arts Festival. (Somehow, it makes me think I'm older than I think I am.) I was in the first Oklahoma Hospitality Club fashion show, and...

Truck Load Limit Bill Approved by Ok House

Legislation designed to streamline the process to obtain permits for oversized loads has been approved in the House by an 89-8 vote. House Bill 2822, by state Rep. Dale DeWitt, would automate the permit process for trucks hauling large loads. DeWitt said the bill will aid economic activity in rural Oklahoma.

Mcfarlin Building Headed for Redevelopment: Plans for the 1920 Downtown Tulsa Gem Unclear

A pair of investors is spearheading the rejuvenation of the historic McFarlin Building in downtown Tulsa. According to court records, John Snyder and Dale Forrest, managers of McFarlin Building LLC, have taken out a $1.6 million loan for the project, but it's unclear what their plans are for the building.

Ok House Passes Income Tax Cut, Estate Tax Elimination

Arguments over tax cuts and credits in the state House on Thursday led to debate over the financial gulf between rich and poor. Key to the often emotional debate was House Bill 3124, by House Speaker Todd Hiett, R-Kellyville, which would reduce Oklahoma's top individual income tax rate from 6.25 percent to 5.85 percent.

Tulsa-Based Webco Earnings Decline Sharply

Webco Industries on Thursday reported sharply lower earnings for the second fiscal quarter ended Jan. 31 as the Tulsa-based company faced volatile steel prices. Net income for the quarter totaled $684,000, or 90 cents per diluted share, down from $4.4 million, or $5.93 per diluted share, for the second quarter of the previous fiscal year.

Site for Sore Eyes: Office, Retail Use Planned for Future Memorial Business Park

The 31.13-acre Memorial Business Park planned for northwest Oklahoma City may just be in the platting stage at the Oklahoma City Planning Commission, but for brothers Matt and Eric Roberts, managing members of Colonial Development, the vision is clear. This is a continuation of the Memorial corridor, said Eric Roberts on Thursday. This has finally come our way, and the time is right.

Shipping Surges at Port of Catoosa: Authority Records Best Numbers Since August '04

Tonnage at the Tulsa Port of Catoosa increased for the second- straight month in February, due in part to shipping levels returning to normal in hurricane-ravaged New Orleans. The shipping recovery at the Port of New Orleans is slightly ahead of the six-month goal set by the port's president and CEO, Gary LaGrange.

Las Vegas-Based Lexington Resources Plans Drilling in Oklahoma

Lexington Resources Inc. and its Arkoma Basin exploration partner, Dylan Peyton LLC, have announced plans to jointly develop coal bed methane leases in Oklahoma. Two drilling rigs are scheduled to begin drilling next week on South Lamar leases.

Tulsa-Based Enxnet Inc. Receives Order

EnXnet Inc. has delivered its first order for DVDPlus since the inception of a new marketing effort. The Tulsa-based company anticipates additional orders will as marketing efforts increase.

Gov. Henry Approves $16 Million in Centennial Funding

Gov. Brad Henry signed legislation Thursday appropriating $16 million to the Oklahoma Centennial Commission to help fund projects planned for the state's 100th birthday celebration next year. Funding in Senate Bill 1193 will be split three ways, with $4 million each for projects in Oklahoma City and Tulsa, and $8 million for projects in other communities.