Grill of the city
Craig Abbott
Vice President
Manhattan Construction Co.
Continued public, private and tribal investment is fueling significant construction activity and growth in the Oklahoma City market, Abbott says. The MAPS 4 initiative provides $1.1 billion for municipal, beautification and human services projects over the next four years.
Many projects included in the $955 million bond package to revitalize the city’s public schools are underway or will begin in 2024. In addition, voters recently approved a 1 percent sales tax to help fund a new arena for the Oklahoma City Thunder basketball team, estimated at $900 million.
“Such strong community support to approve public funding gives confidence to private entities looking to invest in developments to support these growing areas,” says Abbott. Oklahoma City unveiled the new Horizon District, anchored by the $400 million OKANA indoor water park and complex, set to open in early 2025.
But there are challenges, such as procurement and supply chain issues, especially with mechanical and electrical equipment. And the availability of skilled labor remains a key constraint, he says.
