The city of Stillwater has apparently decided the former Boomer Lake power station shut down in 2017 won’t be demolished and instead will become the site of a multi-million dollar project to transform it into a restaurant, retail stores and beach.
The Tulsa World reported that the developer Lakeview Landing LLC will get $9.3 million in help from the city of Stillwater and in return will bring in $30 million from the private sector.
The city’s share will include $7.2 million for development financing, $750,000 for public infrastructure and $500,000 covering administration and implementation costs.
The power plant was built in 1956 as a steam turbine plant and provided electrical power to Stillwater until 2017.
“Boomer Lake Station has been a local landmark since 1956,” said Stillwater City Manager Norman McNickle in a statement issued by his office reported the World. “We believe the building will better serve Stillwater as an attractive, high-quality mixed-use property instead of sitting vacant. We look forward to seeing the project move forward.”
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