Sale of Lake Texoma lodge and golf course finalized

The sale of Lake Texoma lodge and golf course by the state to private developers has been finalized for $4.4 million.

Wednesday, May 28th 2008, 8:32 am

By: News 9

Associated Press

The sale of a closed lodge at Lake Texoma in southern Oklahoma and an adjoining golf course by the state to private developers has been finalized.

Pointe Vista Development LLC paid the Commissioners of the Land Office about $4.4 million for a 222-acre tract that includes the lodge, which has been closed since 2006, said Scott Fischer, the developers' operational manager.

The sale became final yesterday.

That land adjoins a 528-acre tract that Pointe Vista already had purchased for $10.2 million. That sale closed on Jan. 31. The developers paid the state $16,052 per acre, before financing charges, for the two tracts.

Plans call for the lodge, built in 1957, to be demolished and for the old golf course on the 222-acre tract not to reopen.

The developers are planning to build a hotel, homes, condominiums, restaurants and retail shopping on the land.

The Chickasaw Pointe golf course on the 528-acre tract will remain open.