The Edmond Sun

Business

December 30, 2013

Big changes ahead along I-35 in Edmond

EDMOND — Covell Road and Interstate 35 moved ahead to become an economic gateway to Edmond in 2013 with groundbreaking for the Summit Sports Complex, a hotel conference center and the opening of the Francis Tuttle Business Innovation Center.

Business and community leaders gathered Thursday to celebrate the Francis Tuttle Business Innovation Center, 2824 Progressive Drive. The 38,000-square-foot building is near the northeast corner of Covell Road and Interstate 35.

The center will accommodate Adult and Career Development courses and workshops with a business innovation center, classrooms and offices for a 12,000-square-foot business incubator.

The Francis Tuttle Business Innovation Center began development six years ago to enhance business development for success in the workplace, said Peggy Geib, assistant superintendent for Business and Industry Services.

“Whether you come to complete professional licensing requirements or you’ve sent your employees to learn about enhancing their skills that are needed in your workplace, we value that you chose Francis Tuttle as your training partner, and we value you,” Geib said.

Every tax dollar invested in career tech returns $7 in wages to Oklahoma communities, said Suzette Northcutt Rhodes, president of the Francis Tuttle Board of Education.

Career tech graduates earn $188 million more during their expected work life, compared to high school graduates who do not have career training education, Rhodes said.

“That adds $3.4 billion annually to the Oklahoma economy,” Rhoades said.

The Francis Tuttle Business Innovation Center also will house the Center for Municipal Excellence to save money not only for the municipal workers of Edmond, Friedemann said, but other municipalities that will now train there.

A business incubator accelerates successful development of entrepreneurial companies by providing an array of business support resources and services, said Fred Green, executive director.

 Multi million dollar sports complex will break ground next spring

Economic development and sports enthusiasm is on the rise with the new $15 million Summit Sports Complex.

In October, community leaders were presented with the official unveiling of the complex that is being developed on the northeast corner of Interstate 35.

The groundbreaking for the 155,000-square-foot facility is anticipated in the spring and it will open during the summer of 2015, said Brad Lund, who is part of the Summit management team with Sold Out Strategies.

Summit Sports Complex will house eight basketball courts, 16 volleyball courts and two indoor soccer fields under one roof, Lund said. Food service, office space, meeting space as well as medical and physical therapy will be housed in the facility.

“It is a dream come true for us,” said Mark Herrin, representing Oklahoma Peak Performance Volleyball.

Indoor space in this region of the U.S. is needed, said Tim McLaughlin, majority owner of the new North American Soccer League set to play in the spring of 2015.

Summit Sports Complex will combine as an indoor facility with the renovated Taft Stadium outdoor facility in Oklahoma City, he said.

NBA champion Desmond Mason said the complex will offer something special to the next generation of athletes. Professional players also will have a valuable place to work out, he said.

The City of Edmond was a partner in bringing the sports complex to Edmond. Purchasing the 19.35 acres of land for the privately owned sports complex cost the city $2 million. The land had appraised for $2.1 million.

“We identified the river of opportunity that runs north and south called I-35,” Mayor Charles Lamb said.

The developer would pay all construction costs for the indoor sports complex, which would be privately owned and operated. Summit Sports Complex is the responsibility of principal owners Derek Turner and Davis Hudiburg.

The city will provide the land for the sports complex and lease it to the developer for $5,000 a month or $60,000 a year, according to attorney Leslie Batchelor, who represents the city in the project. Payments would begin by April 1 or if an occupancy permit is issued before that date.

The developer has the right to purchase the land at any time. The city has the option to force the developer to purchase the land after 15 years of occupancy.

Summit Sports Complex will trigger major economic activity from people visiting Edmond, Lamb said. Turner & Company began years ago trying to figure out how to move traffic to Edmond, Derek Turner said.

“What a better way to do it than youth sports?” he said.

Text Only
Business
  • A Q&A on ‘Obamacare’ Court Rulings

    On Tuesday, two federal appeals courts issued conflicting rulings on the legality of tax subsidies being provided to people who bought “Obamacare” health insurance policies in Oklahoma and 35 other states.
    Here’s a look at the rulings’ potential impact in Oklahoma.

    Q: I’m confused. What did the courts rule today?
    A: A three-judge panel of the U.S. Court of Appeals circuit in Washington, D.C., decided that the government can’t provide tax subsidies for Affordable Care Act plans purchased in 36 states where the federal government is operating the health insurance exchange. Oklahoma is one of the 36 states. A few hours later, the U.S. Court of Appeals circuit in Richmond, Va., issued a conflicting ruling that upheld the legality of the health-care law’s tax subsidies.

    July 22, 2014

  • June healthy month for Oklahoma jobs

    Nearly 10,000 new jobs in Oklahoma were created in June, according to the U.S. Labor Department.
    Gov. Mary Fallin said Tuesday the state experienced one of the largest increases in employment in the nation in June. More than 9,600 additional people joined the state’s workforce in June.
    The unemployment rate in June dropped to 4.5 percent, its lowest ratio in six years. June’s rate was down a percentage point from 4.6 percent in May and April, according to the Oklahoma Employment Security Commission.

    July 22, 2014

  • UCO campus 3.jpg University of Central Oklahoma recognized as having friendly work environment

    The Chronicle of Higher Education named the University of Central Oklahoma as one of the “2014 Great Colleges to Work For.” Central is the only higher education institution in the state recognized on the list and one of only a handful of institutions in the nation given the distinction of being named to the Honor Roll for being cited most often among all the recognition categories.          
    Central joins Duke, Baylor and Notre Dame on the list of the 10 universities named to the large institution honor roll.

    July 21, 2014 1 Photo

  • Council approves funds toward ADA update

    City Council members have approved a $398,800 professional services contract with Accessology, a McKinney, Texas, firm, to establish an Americans With Disabilities Act transition plan for the city.
    Title II of the ADA requires state and local governments to make their programs and services accessible to persons with disabilities. It includes access to government facilities, programs and events and relevant policy changes.
    Accessology was selected out of a pool of five finalists by a five-member committee to create Edmond’s plan. The firm will partner with Kimley-Horn and Associates, a design consulting firm located in North Carolina.
    Edmond’s last ADA transition plan was created in 1992.

    July 21, 2014

  • Panel approves jail services agreement

    City Council members have approved renewal of the city’s jail services agreement with Oklahoma County for prisoners incarcerated at the county jail on city charges.
    The current annual agreement expired June 30. It provides the feeding, care, housing and upkeep of said prisoners. Edmond uses the county jail when the city jail is at capacity.
    The sheriff’s office proposed a slight increase from $46.25 to a $46.50 daily rate per prisoner. City staff said the current agreement is working satisfactorily and believe the proposed rate is reasonable. The new agreement took effect July 1. The city can hold prisoners in its current jail  up to 10 days; a new jail with 10 male and five female cells will be available inside the new Public Safety Center next year when the facility opens.

    July 21, 2014

  • Panel establishes 911 phone rate

    City Council members have established the rate for the 911 emergency phone service fee for calendar year 2015
    Council members set the rate at 3 percent of the recurring charges as designated by the tariff for exchange telephone service or its equivalent within Edmond beginning Jan. 1, 2015.
    Fees collected by wireless and voice over Internet protocol companies are established under a separate statute. To continue collection of the locally authorized service fee on landline phone bills, local governments must approve a resolution on an annual basis to set the actual fee.
    Governments must also through the Association of Central Oklahoma Governments notify the appropriate incumbent local exchange carrier and competitive local exchange carrier phone companies by Sept. 1, 2015.
    ACOG recommended for calendar year 2015 to maintain service fees at their current level of 3 percent.

    July 21, 2014

  • Council approves $2.5M extra for utility

    City Council members have approved the transfer of a $2.5 million appropriation for Edmond Electric.
    The action was needed due to higher natural gas prices. Those increased prices caused wholesale electric purchase costs to exceed the department’s budget estimates for Fiscal Year 2013-14. To cover the increased costs, a transfer of funds from the “Transfers” category to the “Other Services and Charges” category was necessary.
    It will maintain state law requirements and not increase Edmond Electric’s budget.
    The action occurred during Monday’s meeting and was approved unanimously.

    July 21, 2014

  • The Escape Edmond entrepreneurs sleuth their way to success

    Tripadvisor.com led Andrew Gipson to an industrial complex outside of Dublin, Ireland, about a year ago. The recent University of Central Oklahoma graduate was in the midst of an extended stay in Australia and the United Kingdom when he walked through the doors of XIT Live Escape Adventure Game. According to Tripdadvisor, it was the top attraction in Ireland. He had to go.
    An hour later, Gipson, 24, exited the facility inspired.

    July 19, 2014 1 Photo

  • McAlister’s Deli sets ‘Free Tea Day’ for July 24

    McAlister’s Deli, a leading fast casual restaurant, will celebrate its sixth annual Free Tea Day on July 24.

    July 19, 2014

  • Steffen and Farrow Steffen and Farrow celebrates 40th anniversary

    Steffen and Farrow Orthodontics recently had a ribbon cutting at its Edmond location, 1601 S. Boulevard, to celebrate its 40th anniversary.

    July 19, 2014 1 Photo

Stocks