KINGSTON, Okla. (AP) - Developers of a new area at Lake Texoma State Park are planning a high-end development, with homes along the lake or on one of two golf courses and amenities including a full-service hotel, waterfalls, an equestrian center and a bird sanctuary.
But local businessmen hope such an approach doesn't scare off people who hope to enjoy an inexpensive vacation in the area.
Bill Williams, who manages a marina next to the development site, says he thinks the new developers are smart enough to build what needs to be built.
State land commissioners last week approved the sale of 758 to a development company headed by top officers from two Oklahoma oil companies, Chaparral Energy President and C-E-O Mark Fischer and
Chesapeake Energy chairman and C-E-O Aubrey McClendon.
The development company will pay 14-point-6 (m) million dollars for the property that once was part of the state park.
The park will be closed on December 1st so that new construction can begin.