Two Oklahoma Congress members introduced legislation today that would pave the way for the Lake Texoma development.
The proposed legislation would transfer ownership of 227 acres of shoreline on Lake Texoma from the federal government to the state of Oklahoma.
The transfer would eliminate one of the final obstacles to the new Lake Texoma resort.
It would also clear up a longstanding debt dispute over Lake Arcadia between the city of Edmond and the U.S. Corps of Engineers, freeing up over $11 million for the city.
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