Sale of Texoma Land Falls Through

05-11-06 - The sale of land at Lake Texoma to a private developer has apparently fallen through. The sale of 750 acres at the lake in southern Oklahoma to the J Pierre Gagne Company for $14 million was announced in March.

The deadline to finalize the deal was this week, but Clifton Scott with the state Land Commissioner's office says the company asked for a 30-day extension. Scott says the extension would be granted only if the company put up $1 million in earnest money by 10:00 a.m. Thursday morning.

He says the company did not respond so the deal is off. The Gagne Company had said it would build a resort hotel and golf course at Lake Texoma.


Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 2786786 - http://kxii.com/a?a=2786786
Gray Television, Inc.