Developers Want to Build Tallest Building in America, But Where?
A group of developers has announced plans to build what would be the tallest building in the United States, but in an unlikely city – Oklahoma City.
The proposed location for the 581-meter-high “Legends Tower” is certainly unconventional. The skyscraper would be more than twice the height of the tallest building in Oklahoma City and would be the fifth tallest in the world.
The plan supports a growing city that has expanded almost 2% in recent years. However, the proposal may face challenges. The city’s mayor is silent on the plan, and some believe that the idea of such a skyscraper in Oklahoma City is just a “dream in the sky.”
The proposed tower, part of a new mixed-use development project, would include a hotel, apartments, and retail and restaurant spaces. Developers claim that there is demand due to new sports and entertainment options in the area.
However, one of the biggest obstacles could be financing the skyscraper. Some experts believe it would be a difficult sell for investors, especially in a city like Oklahoma City where interest rates are currently high.
While there is no doubt that the project would be an unprecedented outlier in the city, developers are optimistic, emphasizing the investment in infrastructure around the project and pointing out the growth potential for the city.
The $1.6 billion project is currently seeking approval from city officials, and financing is expected to come from multiple sources, including city-approved grants and additional state and federal funding. Despite the uncertainties, developers are moving forward with their bold vision for Oklahoma City.
CNN’s Andy Rose contributed to this report.