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Matt Owsley
RCL Development Corp.
510 E. Memorial Road, Suite C-2
Oklahoma City, OK 73114

P :: 405.775.9700
F :: 405.775.9800

DEL CITY OKS BONDS FOR SITE
03.20.08

By Ann Kelley
Staff Writer

DEL CITY - City council members this week approved a revenue bond deal of more than $6.2 million to fund infrastructure for a new shopping center at Interstate 40 and Sooner Road.

City Manager Mark Edwards said the 55 acres has remained undeveloped because it abuts Crutcho Creek and other tributaries that have kept it in a flood zone.

Oklahoma City developer Larry Owsley said work will be done to widen the creek and create a retention pond so that 36 acres can be classified as no longer being a flood zone.

He said a parcel has already been sold to Buffalo Wild Wings and he has a contract with a full-service hotel.

Owsley said he envisions additional hotels, restaurants and retail stores filling the area.

"We see it being an attractive new east entrance for the city with upscale businesses and a beautiful mix of landscape,

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http://www.newsok.com/article/keyword/3218240/