MARSHALL COUNTY — Today is the deadline set for “substantial completion” of a hotel and convention center at Lake Texoma State Park.
Despite that deadline, there still been no construction at the site.
Pointe Vista Development signed a purchase and redevelopment agreement with the State of Oklahoma in 2007.
The developer made final payment on the $14.6 million deal in January.
Pointe Vista has said the delays are due, in part, to a bad economy.
People who live in the area say the lack of progress is a disappointment.
“It’s been a big letdown to this whole area in here,” homeowner Ed Talley said. “I think if you can ask any of them that lives this side of Madill and they’ll tell you the same thing.”
In January, the Oklahoma Commissioners of the Land Office filed a lawsuit against Point Vista Development claiming the developer didn’t keep it’s end of the deal.
Today, the CLO said it could not comment on pending litigation.
A representative for Pointe Vista Development said in a statement:
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