In a boom defying the national bust, Oklahoma City is witnessing approximately $2 billion worth of public and private development. The state capital’s major weapon against the Great Recession is its 17-year-old Metropolitan Area Projects program, designed to put the city back on the map through civic renewal that attracts private investment. Designed to be 850 ft tall, the Devon World Headquarters Tower is on course to become the tallest building in Oklahoma. Last December, voters approved the $777-million third phase of the capital improvement program, called MAPS 3. In three votes since 1993, voters have committed $1.8 billion to
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.