The development known as Crossroads Pointe is moving to the next phase.
Nestled between historic SH 66 and I-40, the 65-acre development has already attracted a Domino store and a Wendy’s and will be the site for a new $10 million health complex that will feature SSM Health St. Anthony’s.
El Reno businessmen Paul King and Ron Ward are the developers of the property.
Last week the El Reno City Council approved amending the Crossroads Pointe Economic Development Project Plan to provide Tax Increment Financing for the continued development of infrastructure at the site.
The action “creates no additional financial obligations for the City of El Reno or the El Reno Municipal Authority,” said information provided by the city.
A TIF was created to help with the first phase of the development. Interest from other businesses has created the need to move to the next phase, said Mayor Matt White.
White said the development has moved more quickly than originally expected.
“Paul and Ron have done a great job out there,” White said.
He said the local developers and the city are working with others interested in doing business at Crossroads Pointe.
At the May El Reno Now breakfast, White showed a slide of a potential 192-room hotel with an adjoining conference center.
He said nothing has been finalized.
The property is just to the north of where Canadian County is building a new fairgrounds.
The first phase of the fairgrounds is expected to cost about $15 million.
The county owns 50 acres south of I-40 and east of U.S. 81, and has an option to purchase another 50 from the Jensen family.
More than 200 acres could also be used for private development.