KGOU

Ted Streuli

Editor, The Journal Record

Ted Streuli is the editor of The Journal Record, a weekday newspaper and online publisher of business, political and legal news for Oklahoma. He regularly reports for the Business Intelligence Report, heard each week on KGOU.

Streuli has led The Journal Record’s newsroom since 2004. He has nearly 30 years of journalism experience, having worked at newspapers in Oklahoma, Texas and California.

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Doors are closed at ITT Technical Institute’s campus inside 50 Penn Place in Oklahoma City.
Brent Fuch / The Journal Record

Earlier this week ITT Technical Institute immediately closed every campus across the country. Filings last year with the Securities and Exchange Commission show that affects nearly 45,000 sites, including two in Oklahoma.  – one in Oklahoma City, the other in Tulsa.

Workers install a glass panel on the new Bank of Oklahoma building in downtown Oklahoma City, August 26, 2016.
Brent Fuchs / The Journal Record

Tax increment finance, or TIF, districts allow developers to offset some of their projects’ costs by accessing public funding – Oklahoma City’s “Core to Shore” area between downtown and the Oklahoma River and the University North Park shopping center along 24th Ave. NW in Norman come to mind.

Workers construct new homes at 12th Avenue NW and Tecumseh Road in Norman.
Brent Fuchs / The Journal Record

National figures out this week from the U.S. Census Bureau and the Department of Housing and Urban Development showed sales of new single-family homes rose more than 12 percent between June and July.

The seasonally adjusted annual rate of 654,000 units is the highest since October 2007 -  right around the time the housing bubble burst. But home construction is showing in the U.S., according to the National Association of Home Builders.

Cattle are moved after auction at the Oklahoma City Stockyards.
Brent Fuchs / The Journal Record

The Oklahoma Cattlemen’s Association is still struggling to find support for a statewide marketing program.

Ranchers and other agriculture producers have been very active in their collective support of State Question 777, which would amend the state constitution to stringently limit lawmakers’ ability to regulate the industry.

The Wheeler Ferris Wheel is shown behind signage at Oklahoma City’s Wheeler District.
Brent Fuchs / The Journal Record

On Tuesday the Oklahoma City Council took another step toward creating a tax increment financing, or TIF, district for the Wheeler neighborhood near downtown, just south of the Oklahoma River.

The area on either side of Western Ave. north of SW 20th Street will eventually have housing, offices, retail, and the centerpiece has already gone up - a 100-foot tall Ferris wheel.

Midwest City’s Heritage Park Mall.
Brent Fuchs / The Journal Record

It’s been about six years since the last few tenants moved out of Heritage Park Mall in Midwest City.

A lone retailer remains – Sears – and a local megachurch also holds it services there, but city leaders hope to revitalize the property and have issued a request for proposals to rehabilitate it.

The Journal Record’s editor Ted Streuli says the idea has been in the works for years, but recently the city council in Midwest City approved a matching $27,000 grant for requests for proposals. The money would come out of Midwest City’s Fiscal Year 2017 budget.

SandRidge Energy headquarters in Oklahoma City.
Brent Fuchs / The Journal Record

It’s been a rocky year for Oklahoma City’s SandRidge Energy.

The company started 2016 learning it would be delisted from the New York Stock Exchange, and had to shut down many oil and gas wells in northwest Oklahoma due to seismic directives by the Corporation Commission.

Firefighters stock a truck with supplies inside Oklahoma City Fire Department Station 1 after responding to an accident at NW 23rd Street and Classen Boulevard on Tuesday.
Brent Fuchs / The Journal Record

On Tuesday the Oklahoma City Council set a special election for January 10 to resolve a million-dollar dispute with the local firefighters union.

That decision could cost taxpayers as much as $100,000. The council’s 6-0 vote set aside an arbitrator’s decision, which means they have to put a proposed contract with the firefighters to a vote of the people, The Journal Record’s Brian Brus reports:

Renovation continues on the Sunshine Cleaners building at 1012 NW First St. in Oklahoma City.
Brent Fuchs / The Journal Record

In April the Oklahoma City Council approved $550,000 in tax increment financing, or TIF money, for the dilapidated Sunshine Cleaners building just west of downtown.

About the only remarkable thing about the building two blocks from the Oklahoma County Jail is its beautiful neon sign. The roof has caved in, the windows are broken, and satellite imagery even shows an abandoned vehicle inside the building.

Oklahoma City University professor Kyle Dean presents findings of an economic impact report during the Oklahoma Indian Gaming Association conference Tuesday in Tulsa.
Rip Stell / The Journal Record

Casinos in rural Oklahoma bring in about half of all gaming revenue, and the small towns these establishments call home reap some of the rewards.

A report presented at the Oklahoma Indian Gaming Association conference Tuesday revealed that small, rural towns get an economic boost when a tribal casino opens, The Journal Record’s Molly Fleming reports:

Lt. Gen. Lee Levy II, sustainment commander at Tinker Air Force Base, addresses the audience during the Greater Oklahoma City Chamber’s Tinker Leadership Community luncheon Friday at the Skirvin Hilton Hotel in Oklahoma City.
Brent Fuchs / The Journal Record

Tinker Air Force Base Lt. Gen. Lee Levy II says there aren’t enough computer scientists to meet workforce demands at either the base, or for private contractors like Boeing or Lockheed Martin.

Levy envisions the first signs of the next major war being electronic, when automatic teller machines suddenly don’t work, or the internet goes down, according to The Journal Record’s Sarah Terry-Cobo:

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