Texas & Louisiana City Scoop: Construction Starts in Oklahoma City
Hugh A. McCoy Senior Vice President Manhattan Construction Co.
Although the sagging oil and gas market has hurt the local economy, McCoy says construction has been buoyed by the city’s MAPS program (Metropolitan Area Projects). It institutes a one-cent sales tax to finance projects debt free. The program’s third round—MAPS 3—will fund $777 million in work through 2021. McCoy says the private sector is echoing the boom, noting that Manhattan is targeting $1.6 billion in regional projects in the next 12 to 18 months. “Oklahoma City is going through a once-in-every-decade construction cycle,” he says.