2nd Street on the move again
"He does have a good prospect for the north end, but they’re not ready. I think we will have a pretty good idea in the next six to seven months.”
MAYOR FRED FITCH
ON 2ND STREET DEVELOPMENT
The 2nd Street development project could be on the move again, Mayor Fred Fitch said last week, but not at breakneck speed.
Fitch told the Lawton Economic Development Authority last week that there appears to be some movement toward finally developing the north part of the first phase of the development and that the authority should begin working on estimates of how much it would cost to expand the redevelopment project to include the west side of Northwest 2nd Street between Northwest 2nd and 3rd streets between Arlington Avenue and Ferris Avenue.
So far redevelopment has been centered on the south side of the 12-block area that constituted the project's first phase the Hilton Garden Inn and Lawton Convention Center, the row of big-box stores just off of Railroad Street on the east side of the project, and two buildings with small shops, as well the new Mattress Firm store that's still under construction.
Collett & Associates which has the option to develop the remainder of the 12-block phase on the east side of 2nd Street says some companies are interested in both the land at the corner of 2nd and Gore and on the north side of the first phase, the mayor reported.
"It would be a very good revenue generator," Fitch said.
"He does have a good prospect for the north end, but they're not ready," they mayor told the authority, but a decision isn't in the immediate future, perhaps next year.
"I think we will have a pretty good idea in the next six to seven months," he said.
Development of the north side would be good for the authority's balance sheet sale of the land would provide money to the authority and additional property and sales taxes would help repay the debt the authority took on to develop the 12 blocks.