MARSHALL COUNTY, OK -- News 12 has obtained a copy of the lawsuit filed by the Commissioners of the Land Office of Oklahoma against Point Vista, the company under contract to build a hotel, convention center and other development in Marshall County.
Six years after Pointe Vista agreed to the construction at Lake Texoma State Park it hasn't even begun.
The state is taking action against the company saying Pointe Vista breached their contract.
Thursday afternoon the Commissioners of the Land office filed suit against Pointe Vista, the development company that agreed to build a hotel, convention center and other amenities at Lake Texoma State Park.
Representative Tommy Hardin supports the suit and sums up what it's asking.
Hardin said, "Put it in a judges hand, asking a judge to have pointe vista either honor their contract or give back the land."
The suit outlines the original deal the Commissioners of the Land Office agreed to sell Pointe Vista two tracts of land, Areas A and B.
In addition to buying the land in installments, Pointe Vista agreed to also develop that land. The suit states that Pointe Vista hasn't begun development within two years of closing on Area A and within three years of closing on Area B. On those grounds, they're suing for breach of contract.
Some Marshall County residents say they're glad action is being taken.
Duncan Allen, a resident of Marshall County, said, "It does affect the economy in this area and the fact that they haven't started the construction of this hotel it actually cuts down the jobs that are actually in the area."
The suit asks the court to require Pointe Vista to start construction and finish the projects within a commercially reasonable period of time. but if the court decides not to require Pointe Vista to complete their part of the contract, the court could allow the CLO to ask for the agreement to be rescinded. The group representing citizens and small businesses called Restore Lake Texoma State Park explains what they hope will come from this suit.
Lisa Davis with Restore Lake Texoma State Park said, "Put this park back together so that we can have the hotel, we can have restaurants, we can have the tourism."
Our calls to Pointe Vista weren't returned and the final $2.2 million dollar land payment to the CLO is due on January 31.