Business Intelligence Report

Fridays at 6:44 a.m., 8:44 a.m., 12:35 p.m., and 5:44 p.m.

A weekly feature produced in partnership with the Journal Record, Oklahoma's weekday newspaper and website specializing in business, legislative and legal news. Managing Editor Adam Brooks and Journal Record reporters keep you up-to-date on business and economic development in the state.

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Business Intelligence Report
6:38 am
Fri March 20, 2015

Ongoing Corporation Commission Hearing To Determine Potential 15-20 Percent Utility Rate Hike

Oklahoma Gas & Electric's coal-fired Sooner Plant in Red Rock, Okla.
Joe Wertz StateImpact Oklahoma

For the past several weeks the Oklahoma Corporation Commission has heard from attorneys for Oklahoma Gas & Electric regarding the utility’s request for approval to spend $1.1 billion.

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Business Intelligence Report
6:42 am
Fri March 13, 2015

Using Cox Center Site As Convention Center Solution Could Cost 85 Percent Of Contracts

Sue Wyglendowski grooms one of the 16 collies she brought from Mantua, Ohio, for the 2015 Collie Club of America National Specialty Show at the Cox Convention Center in Oklahoma City Tuesday.
Brent Fuchs The Journal Record

Last week, Oklahoma City said it would reopen the search process for the site of the MAPS 3 convention center, and on Tuesday the city council voted to abandon the originally planned location near the Myriad Gardens.

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Business Intelligence Report
6:45 am
Fri March 6, 2015

Future Of MAPS 3 Convention Center Uncertain After Oklahoma City Drops Land Bid

The previous site plan for the downtown Oklahoma City convention center.
Courtesy rendering The Journal Record

Tuesday afternoon Oklahoma City leaders announced they would start looking for a new site for the convention center that's part of the Metropolitan Area Projects, or MAPS 3, proposal voters approved in 2009.

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Business Intelligence Report
6:58 am
Fri February 27, 2015

South Oklahoma City Gets New Economic Label, Millennial Housing Trends Questioned

Plaza Mayor at the Crossroads, at Interstates 35 and 240 in Oklahoma City, has merchant tenancy above 50 percent.
Brent Fuchs The Journal Record

On Tuesday the city council of Oklahoma City voted to create two new business improvement districts, or BIDs, in south Oklahoma City.

One will be along SW 29th Street between May Ave. and Shields Blvd., and the other calls for spending $22,000 with the South Oklahoma City Chamber of Commerce to improve the area around Interstate 240 that runs from I-35 to I-44.

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Business Intelligence Report
5:59 am
Fri February 20, 2015

Chesapeake-McClendon Suit Raises Hazy Corporate Law Issues, Could Drag On For Years

American Energy Partners, LP founder and CEO Aubrey McClendon, who co-founded Chesapeake Energy in 1989.
Provided The Journal Record

One of the country’s major oil and natural gas producers, and a huge driver of Oklahoma City’s and the state’s economy, filed a lawsuit Tuesday alleging its founder and former CEO stole trade secrets during his final days at Chesapeake Energy Corporation.

Aubrey McClendon has been no stranger to the controversy. In 2012 the Chesapeake board of directors significantly curtailed his responsibility, before he eventually stepped down during the first half of 2013.

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Business Intelligence Report
9:10 am
Fri February 13, 2015

Hiring/Pay Freeze Spurs Critics, Union Membership Changing-But-Steady

Gov. Mary Fallin delivers her 2015 State of the State address on Feb. 2, 2015 - one week before she announced a hiring and pay freeze for most state employees.
Joe Wertz StateImpact Oklahoma

Gov. Mary Fallin issued an executive order Monday imposing a moratorium on hiring and pay raises for state workers.

New state workers can still be hired as long as it’s approved in writing by the statewide elected official or cabinet secretary who manages the particular agency, and they have to explain why this is necessary.

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Business Intelligence Report
6:15 am
Fri February 6, 2015

Oklahoma City, County Partner For Tinker Expansion, Love's Embraces Diversification

Gov. Mary Fallin and U.S. Air Force officials attend the announcement of a deal that will provide more land for Tinker Air Force Base.
Kelly White Tinker Take Off

On Wednesday Tinker Air Force Base announced it now owns 158 acres of land just west of the base to house the maintenance hub for the U.S. Air Force’s KC-46A Pegasus, which is designed to be the next-generation aerial refueling plane.

The land previously belonged to the Burlington Northern Santa Fe Railway Co., which used it as a yard to serve the General Motors assembly plant that closed nearly a decade ago.

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Business Intelligence Report
5:15 am
Fri January 30, 2015

Oklahoma City Council Considers Two New TIFs, No Closer To Native Cultural Center Solution

The proposed Core to Shore tax increment financing district boundary.
The Journal Record

This week the Oklahoma City Council voted 8-1 to authorize Mayor Mick Cornett explore the idea of creating two new tax increment financing, or TIF, districts in downtown Oklahoma City.

These subsidies for redevelopment and community improvement projects embody the idea of “public-private partnerships” between cities and businesses.

Oklahoma City Councilman Ed Shadid cast the lone “no” vote.

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Business Intelligence Report
6:46 am
Fri January 23, 2015

Three Statewide Business And Development Stories We're Watching This Week

Traffic passes in front of the Cox Convention Center in downtown Oklahoma City.
Brent Fuchs The Journal Record

Tuesday the Oklahoma City Council approved a request for proposals for a hotel catering to the convention center that will be built as part of the series of projects funded by the MAPS 3 temporary sales tax extension.

During the meeting, the council heavily stressed the importance of building enough parking for the hotel, convention center, and other uses around town, as well as alternate funding to make sure developers can complete the project.

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Business Intelligence Report
6:47 am
Fri January 16, 2015

Tulsa Adds Flights, But Analysts Say Falling Oil Prices Won’t Mean Lower Airfares

Crew members service a Southwest Airlines jet at Tulsa International Airport.
Rip Stell The Journal Record

Last week Tulsa International Airport unveiled a public relations campaign encouraging more travelers to fly out of northeast Oklahoma, and it’s already paying off.

Tulsans will soon have three more destinations to choose from after Allegiant Air announced Tuesday they’re adding nonstop year-round service from TIA to Las Vegas starting in April, and seasonal service to the Tampa Bay area and Los Angeles beginning in May and June, respectively.

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