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Talk About Tulsa => Development & New Businesses => Topic started by: joiei on October 31, 2008, 02:15:38 PM

Title: Spiritbank Event Center
Post by: joiei on October 31, 2008, 02:15:38 PM
They must be hurting for ticket sales,  tickets for Uncle Kracker are now at $19.50.
Title: Spiritbank Event Center
Post by: Townsend on October 31, 2008, 02:29:46 PM
quote:
Originally posted by joiei

They must be hurting for ticket sales,  tickets for Uncle Kracker are now at $19.50.



You don't think it has something to do with that it's Uncle Kracker?
Title: Spiritbank Event Center
Post by: tulsascoot on November 01, 2008, 09:28:47 AM
quote:
Originally posted by Townsend

quote:
Originally posted by joiei

They must be hurting for ticket sales,  tickets for Uncle Kracker are now at $19.50.



You don't think it has something to do with that it's Uncle Kracker?



Yeah, it's not the Spirit bank center that's the problem here. UK should play the Cain's where they have a chance of filling the venue. Better yet, they should not play at all.

I did get my Stone Temple Pilots tickets for $10. I think they were having trouble selling those because they were freakin' $60!!
Title: Spiritbank Event Center
Post by: inteller on November 01, 2008, 10:22:23 AM
UK had like what, one hit?  At least STP had a whole album full of hits.  I paid $60 for my ticket, but then again I was right up on the front row too.  I won't pay $1 though to go to another show there until they fix the sound problems.
Title: Spiritbank Event Center
Post by: sgrizzle on November 01, 2008, 11:06:20 AM
$10 was a sale price for like, two days.
Title: Spiritbank Event Center
Post by: inteller on November 01, 2008, 11:14:45 AM
quote:
Originally posted by sgrizzle

$10 was a sale price for like, two days.



they were for nose bleed seats too, I know, someone tried to trade me seats and I was like "you've got to be kidding me"
Title: Spiritbank Event Center
Post by: swake on November 01, 2008, 12:01:09 PM
quote:
Originally posted by inteller

quote:
Originally posted by sgrizzle

$10 was a sale price for like, two days.



they were for nose bleed seats too, I know, someone tried to trade me seats and I was like "you've got to be kidding me"



Nose bleeds in a place that seats 4,000?

Is there really such a thing?
Title: Spiritbank Event Center
Post by: wordherder on November 03, 2008, 11:14:32 AM
quote:
Originally posted by swake

quote:
Originally posted by inteller

quote:
Originally posted by sgrizzle

$10 was a sale price for like, two days.



they were for nose bleed seats too, I know, someone tried to trade me seats and I was like "you've got to be kidding me"



Nose bleeds in a place that seats 4,000?

Is there really such a thing?



More like "generate boogers slightly faster than normal" seats.

When I was there for STP there didn't look like a bad seat in the house.  You could get a good view from just about anywhere, and the highest seats were maybe three stories up.  

But yeah, Uncle Kracker is a horrible choice for the center.  His one hit was in 2003, and he's done zilch since.  Also he's apparently mutating into country just like so many other musicians whose careers have died (Darius Rucker from Hootie and the Blowfish, Bon Jovi, Jessica Simpson, Eddie Money, etc.).
Title: Spiritbank Event Center
Post by: tulsascoot on November 03, 2008, 11:45:03 AM
quote:
Originally posted by inteller

quote:
Originally posted by sgrizzle

$10 was a sale price for like, two days.



they were for nose bleed seats too, I know, someone tried to trade me seats and I was like "you've got to be kidding me"



I was 4th row three sections back from stage. Hardly nose bleed. I think I got a good deal. The floor tickets were also available for that price for that weekend.

I like STP, and I would have paid $35, but I still think $60 was too much for a band that hasn't released a new album since the 90s.

Got tickets to the Aussie Pink Floyd show for $20 this weekend. Can't wait, it will be a good show.

So is Tulsa getting overbooked on shows so that promoters have to discount tickets to fill the theaters?
Title: Spiritbank Event Center
Post by: inteller on November 03, 2008, 12:10:05 PM
quote:
Originally posted by tulsascoot
, but I still think $60 was too much for a band that hasn't released a new album since the 90s.





well for one that is bull**** because Shangri-la-de-da came out in 2001.  Second, that can actually be a good thing.  All people wanted was to hear almost every song from Core and a few from Purple...they delivered on that.  When they were on tour in 2002 they played a very similiar set as this tour, because SLLDD only had like one hit off of it.
Title: Spiritbank Event Center
Post by: wordherder on November 04, 2008, 12:44:19 PM
Woops, we're too late.  The World reported on what will likely be the biggest news of the day: Uncle Kracker has canceled his concert.

They didn't give a reason for the cancellation.
Title: Spiritbank Event Center
Post by: tulsascoot on November 05, 2008, 12:31:17 PM
quote:
Originally posted by inteller

quote:
Originally posted by tulsascoot
, but I still think $60 was too much for a band that hasn't released a new album since the 90s.





well for one that is bull**** because Shangri-la-de-da came out in 2001.  Second, that can actually be a good thing.  All people wanted was to hear almost every song from Core and a few from Purple...they delivered on that.  When they were on tour in 2002 they played a very similiar set as this tour, because SLLDD only had like one hit off of it.



Forgot about that one. I didn't realize it was that recent. I think I still have a copy of it somehwere. (I have way too many CDs to keep up with)

Regardless, in my opinion, $60 is too much for STP, even though I still really like their music.

Title: Spiritbank Event Center
Post by: grahambino on November 05, 2008, 01:08:53 PM
Uncle Kracker should have just played that bowling alley on E. 11th.

I don't think he'd even fill Cain's.

You'd have to pay me to go to that concert.  I'd also require a minimum of 4 beers.
Title: Spiritbank Event Center
Post by: inteller on November 05, 2008, 07:13:37 PM
i have to agree.
Title: Spiritbank Event Center
Post by: perspicuity85 on November 07, 2008, 12:11:42 AM
Uncle Kracker is, without a doubt, some of the worst music I've ever heard in my life.  Seriously, I'd rather listen to a Miley Cyrus song on repeat.

Okay, maybe I overshot a bit...
Title: Spiritbank Event Center
Post by: sgrizzle on November 07, 2008, 08:57:49 AM
quote:
Originally posted by perspicuity85

Uncle Kracker is, without a doubt, some of the worst music I've ever heard in my life.  Seriously, I'd rather listen to a Miley Cyrus song on repeat.

Okay, maybe I overshot a bit...



Well then here you go:
http://thisstillworksoneverysong.ytmnd.com/
Title: Re: Spiritbank Event Center
Post by: DowntownDan on June 10, 2014, 09:20:43 AM
Not surprising if you ask me.  I'm not sure how anyone thought this would be successful with the BOK Center opening up around the same time and the casinos expanding their entertainment venues.  Why would people want to see big shows in the middle of suburbia?  It seems to only work in massive metroplexes.  Allen, TX, has an arena that does well, they have their own minor league hockey team, and Frisco has its own AA baseball team and stadium.  Katy, TX in Houston has a similar set up.  Tulsa doesn't have the population to support something like this in my opinion with the BOK Center and other downtown venues being a more attractive option for the bigger acts.  The Drillers dodged a huge bullet if you ask me by getting downtown and avoiding Jenks.  Downtown cores have bigger potential to support these types of things.

QuoteBig events no longer scheduled at SpiritBank Event Center in Bixby

   Posted: Tuesday, June 10, 2014 12:00 am | Updated: 8:12 am, Tue Jun 10, 2014.

By Robert Evatt World Business Writer | 2 comments

The lights are out at the main arena of SpiritBank Event Center in Bixby, as building owner SpiritBank has stopped booking major events there.

Joyce Madewell, a spokeswoman for SpiritBank, said the bank is no longer seeking events for the 4,500-seat main arena within SpiritBank Event Center, though it is booking smaller events at ballrooms within the main part of the center as well as the space formerly occupied by Duke's Southern Kitchen.

"Since we're in the business of banking rather than event attractions, we're focusing on (smaller events) as we get closer to finding the right buyer," she said.

SpiritBank Event Center was the home of the Tulsa 66ers, a developmental team with the NBA. Madewell said the bank will no longer lease the space to anyone, including the 66ers.

Requests for comment from 66ers officials were not returned by press time.

The main website for SpiritBank Event Center now links directly to Arenaserve, a catering company that will continue to provide catering services to the center for smaller events.

Several businesses continue to lease out space within the building, including the Bixby Chamber of Commerce and SpiritBank itself.

The facility, along with the attached 130,000-square-foot retail center Regal Plaza, was constructed by Remy Cos. beginning in 2006 for a combined $50 million. In late 2009, SpiritBank took ownership of the facility in a deed in lieu of foreclosure action that wiped out $28 million owed to the bank by Remy Cos.

In 2010, SpiritBank sold the SpiritBank Event Center to MacPot LLC, which lists Phil Thompson of Edmond as its registered agent, according to Oklahoma Secretary of State records, for $19.25 million. One year later, SpiritBank purchased the facility back from MacPot for $19 million.

SpiritBank retains an ownership interest in Regal Plaza, though Madewell said the bank always owned it as part of a consortium of banks and never held a majority ownership. Earlier this year, SpiritBank transferred management of the ownership consortium to First United Bank of Durant.

Tulsa County land records indicate SpiritBank Event Center and Regal Plaza are both owned by SpiritBank c/o Special Assets Department.

The move to shutter much of the center comes one month after the bank announced it is seeking a new president and CEO. Albert "Kell" Kelly, who has held those positions for more than two decades, will continue to lead the Tulsa-based bank until a successor is found.

He also will stay on as chairman of the board after the executive posts are filled.

Late last year, the U.S. Treasury Department auctioned off 31,500 shares of nonvoting, perpetual preferred stock of Spirit Bankcorp Inc., the parent of SpiritBank, for $9.6 million to an undisclosed bidder.

The move helped the bank repay a $30 million investment by the Treasury Department as part of the Troubled Asset Relief Program, established in October 2008 to stabilize and strengthen the financial system by increasing the capital base of healthy banks and enable them to lend to consumers and businesses.

The voluntary program was designed to generate a positive return to taxpayers over time.

Robert Evatt 918-581-8447

robert.evatt@tulsaworld.com
Title: Re: Spiritbank Event Center
Post by: Conan71 on June 10, 2014, 10:03:14 AM
I agree it's a crowded market with the casinos, UMAC, Maybee Center, Convention Center, Brady, Cain's, and BOK.  That said, if you had a really savvy manager with some vision and marketing skills who is tied in with major booking agents you could probably get some decent shows there with that kind of seat count.
Title: Re: Spiritbank Event Center
Post by: DowntownDan on June 10, 2014, 10:08:57 AM
My guess is that it'll be an online mega church in two years.
Title: Re: Spiritbank Event Center
Post by: BKDotCom on June 10, 2014, 10:12:47 AM
Quote from: DowntownDan on June 10, 2014, 10:08:57 AM
My guess is that it'll be an online mega church in two years.

Spiritbank Event Center
Title: Re: Spiritbank Event Center
Post by: DowntownDan on June 10, 2014, 10:52:18 AM
Quote from: BKDotCom on June 10, 2014, 10:12:47 AM
Spiritbank Event Center.tv
Title: Re: Spiritbank Event Center
Post by: DolfanBob on June 10, 2014, 11:05:52 AM
I only went there a couple of times and getting in and out of that area can be tricky at times. I always left a little early as to avoid the pedestrians walking to the parking garage and the almost single type lane you have to pull out onto.
It just has the feel of a large High School Gymnasium. So it's not a real surprise to me either.
Title: Re: Spiritbank Event Center
Post by: dbacksfan 2.0 on June 10, 2014, 11:26:36 AM
Quote from: DowntownDan on June 10, 2014, 10:08:57 AM
My guess is that it'll be an online mega church in two years.

Need to be healed?

https://www.google.com/maps/place/SpiritBank+Event+Center/@36.011486,-95.883425,2a,90y,90t/data=!3m5!1e2!3m3!1s-q__kocfnBBE%2FUel95KzWE7I%2FAAAAAAAAB08%2FLXeF3CI033k!2e4!3e12!4m2!3m1!1s0x87b68e160e71d965:0xe3c747d0a6968264!6m1!1e1?hl=en (https://www.google.com/maps/place/SpiritBank+Event+Center/@36.011486,-95.883425,2a,90y,90t/data=!3m5!1e2!3m3!1s-q__kocfnBBE%2FUel95KzWE7I%2FAAAAAAAAB08%2FLXeF3CI033k!2e4!3e12!4m2!3m1!1s0x87b68e160e71d965:0xe3c747d0a6968264!6m1!1e1?hl=en)
Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 10, 2014, 02:27:50 PM
Quote from: DowntownDan on June 10, 2014, 10:08:57 AM
My guess is that it'll be an online mega church in two years.


Lifechurch.TV.cult...??

Title: Re: Spiritbank Event Center
Post by: DolfanBob on June 10, 2014, 02:40:08 PM
Quote from: heironymouspasparagus on June 10, 2014, 02:27:50 PM

Lifechurch.TV.cult...??



Have you ever been? They should pass out ear plugs and serve cocktails. I thought it was more like a nightclub than a Church. With the lighting the way it is. There is zero chance of reading a Bible. And yes I realize it's all about the kids. But the message gets lost in all the show. But if you like drinking free Starbucks and trying to act cool with your kids in a rowdy lobby. I say go for it.
And when they pass the offering plate. You won't believe the little spin they put on that time honored tradition.
Title: Re: Spiritbank Event Center
Post by: Conan71 on June 10, 2014, 02:57:03 PM
Quote from: DolfanBob on June 10, 2014, 02:40:08 PM

And when they pass the offering plate. You won't believe the little spin they put on that time honored tradition.

The main reason I don't attend organized church anymore.  The five minute pleading/guilting for money got old.  Just pass the bucking plate, I know what to do.
Title: Re: Spiritbank Event Center
Post by: swake on June 10, 2014, 03:51:48 PM
Quote from: heironymouspasparagus on June 10, 2014, 02:27:50 PM

Lifechurch.TV.cult...??



spiritcenter.jesusrocks

it's more subtle.
Title: Re: Spiritbank Event Center
Post by: dbacksfan 2.0 on June 10, 2014, 04:03:41 PM
Quote from: Conan71 on June 10, 2014, 02:57:03 PM
The main reason I don't attend organized church anymore.  The five minute pleading/guilting for money got old.  Just pass the bucking plate, I know what to do.

Sounds like the church the former mrs. dback got us into. They wanted a minimum of 10% of our income from us. Not us as a couple, 10% from each of us for a total of 20%.

http://www.northscottsdalechristian.com/ (http://www.northscottsdalechristian.com/)

Just curious, how many other churches have a class for their members like this?

http://www.northscottsdalechristian.com/event/595245-2014-06-07-introduction-to-firearm-safety/ (http://www.northscottsdalechristian.com/event/595245-2014-06-07-introduction-to-firearm-safety/)

Title: Re: Spiritbank Event Center
Post by: BKDotCom on June 10, 2014, 04:12:09 PM
Quote from: dbacksfan 2.0 on June 10, 2014, 04:03:41 PM
Sounds like the church the former mrs. dback got us into. They wanted a minimum of 10% of our income from us. Not us as a couple, 10% from each of us for a total of 20%.

You must be using that new common core curriculum
where I come from
a * 0.10 + b * 0.10  =  (a + b) * 0.10

(wow, that's ugly)
Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 10, 2014, 04:13:52 PM
Quote from: DolfanBob on June 10, 2014, 02:40:08 PM
Have you ever been? They should pass out ear plugs and serve cocktails. I thought it was more like a nightclub than a Church. With the lighting the way it is. There is zero chance of reading a Bible. And yes I realize it's all about the kids. But the message gets lost in all the show. But if you like drinking free Starbucks and trying to act cool with your kids in a rowdy lobby. I say go for it.
And when they pass the offering plate. You won't believe the little spin they put on that time honored tradition.


No.  Not likely to.  Have family members who goes there as part of their ongoing quest for the perfect cult.
Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 10, 2014, 04:16:59 PM
Quote from: BKDotCom on June 10, 2014, 04:12:09 PM
You must be using that new common core curriculum
where I come from
a * 0.10 + b * 0.10  =  (a + b) * 0.10

(wow, that's ugly)


Well, if you buy something for $5, then sell it for $50, that is  50/5 = 10 which gives a 10% profit.....
Title: Re: Spiritbank Event Center
Post by: dbacksfan 2.0 on June 10, 2014, 04:20:20 PM
Quote from: BKDotCom on June 10, 2014, 04:12:09 PM
You must be using that new common core curriculum
where I come from
a * 0.10 + b * 0.10  =  (a + b) * 0.10

(wow, that's ugly)

Is that the new math program that they developed from the (US Tax codes / State Tax codes) * 150% = Your Income Tax ?
Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 10, 2014, 04:21:12 PM
Quote from: Conan71 on June 10, 2014, 02:57:03 PM
The main reason I don't attend organized church anymore.  The five minute pleading/guilting for money got old.  Just pass the bucking plate, I know what to do.


Well, I have gone to church more in the last 1 year than I probably have in previous 10....one is very "old time" Baptist - very small, but enthusiastic and very much back to basics (probably a little too much for my long term tastes - I happen to know the earth is more than 6,000 years old).  The other is Catholic.  Neither made big productions out of the offering - they literally just passed the plate around without fanfare.

Title: Re: Spiritbank Event Center
Post by: Conan71 on June 10, 2014, 04:21:28 PM
Quote from: dbacksfan 2.0 on June 10, 2014, 04:20:20 PM
Is that the new math program that they developed from the (US Tax codes / State Tax codes) * 150% = Your Income Tax ?

Applies to everyone except Timothy "Turbo Tax foobared Me" Geithner.
Title: Re: Spiritbank Event Center
Post by: davideinstein on June 10, 2014, 08:27:51 PM
Can we get the 66ers back in Tulsa again?
Title: Re: Spiritbank Event Center
Post by: DTowner on June 11, 2014, 01:33:47 PM
SpirtBank took a lot of hits on this deal.  Mothballing the center while trying to sell it indicates they are desparate and can't/won't subsidize teh operations any longer.  Losing the 66ers just makes it that much less attractive to prospective buyers.
Title: Re: Spiritbank Event Center
Post by: DTowner on June 11, 2014, 01:34:43 PM
Quote from: DTowner on June 11, 2014, 01:33:47 PM
SpirtBank took a lot of hits on this deal.  Mothballing the center while trying to sell it indicates they are desperate and can't/won't subsidize teh operations any longer.  Losing the 66ers just makes it that much less attractive to prospective buyers.
Title: Re: Spiritbank Event Center
Post by: patric on June 11, 2014, 07:51:22 PM
A lot of nearby homeowners would like to see that light-polluted eyesore leveled, and they just got one step closer:


The lights are out at the main arena of SpiritBank Event Center in Bixby, as building owner SpiritBank has stopped booking major events there.

Joyce Madewell, a spokeswoman for SpiritBank, said the bank is no longer seeking events for the 4,500-seat main arena within SpiritBank Event Center, though it is booking smaller events at ballrooms within the main part of the center as well as the space formerly occupied by Duke's Southern Kitchen.

"Since we're in the business of banking rather than event attractions, we're focusing on (smaller events) as we get closer to finding the right buyer," she said.

SpiritBank Event Center was the home of the Tulsa 66ers, a developmental team with the NBA. Madewell said the bank will no longer lease the space to anyone, including the 66ers.

Several businesses continue to lease out space within the building, including the Bixby Chamber of Commerce and SpiritBank itself.

The facility, along with the attached 130,000-square-foot retail center Regal Plaza, was constructed by Remy Cos. beginning in 2006 for a combined $50 million. In late 2009, SpiritBank took ownership of the facility in a deed in lieu of foreclosure action that wiped out $28 million owed to the bank by Remy Cos.

In 2010, SpiritBank sold the SpiritBank Event Center to MacPot LLC, which lists Phil Thompson of Edmond as its registered agent, according to Oklahoma Secretary of State records, for $19.25 million. One year later, SpiritBank purchased the facility back from MacPot for $19 million.

SpiritBank retains an ownership interest in Regal Plaza, though Madewell said the bank always owned it as part of a consortium of banks and never held a majority ownership. Earlier this year, SpiritBank transferred management of the ownership consortium to First United Bank of Durant.

Tulsa County land records indicate SpiritBank Event Center and Regal Plaza are both owned by SpiritBank c/o Special Assets Department.

http://www.tulsaworld.com/communities/bixby/big-events-no-longer-scheduled-at-spiritbank-event-center-in/article_fdb21bc8-3359-5080-ad5b-ea843208b23c.html
Title: Re: Spiritbank Event Center
Post by: Ibanez on June 12, 2014, 10:45:29 AM
If it had more parking that place would be an excellent location for an outlet mall.
Title: Re: Spiritbank Event Center
Post by: swake on June 12, 2014, 10:57:17 AM
Quote from: Ibanez on June 12, 2014, 10:45:29 AM
If it had more parking that place would be an excellent location for an outlet mall.

It has a huge, almost unused parking garage.
Title: Re: Spiritbank Event Center
Post by: Gaspar on June 12, 2014, 01:16:16 PM
The entire development is probably one of the worst developments from engineering to architecture, ever ever created!  

Here is why:

Massive amounts of unnecessary parking.

Retail elevated above parking for no perceivable reason.

Multiple one-way flows that are counter intuitive, and largely ignored by drivers.

Retail spaces with windowed shotgun entrances at both ends (major loss prevention no-no, and why many major chains would never consider the spaces).

Terrible street visibility requiring the erection of a farm of signs.

Some lease locations have NO visibility from any angle, and have/will never be leased.

Event center was constructed so poorly that from the outside you can hear a mouse fart at the center of the arena.

Back of the center is about 40-50 feet from houses, where people with ears live.

Instead of using a few large commercial and highly efficient HVAC systems on multiple zones they put in about 32 inefficient
split units on ridiculously planned combined zones.  Everywhere in the building is either too hot or too cold.

It would probably be cheaper for any investor to tear it down and build something reasonable.
Title: Re: Spiritbank Event Center
Post by: Red Arrow on June 12, 2014, 05:29:43 PM
Quote from: Gaspar on June 12, 2014, 01:16:16 PM
It would probably be cheaper for any investor to tear it down and build something reasonable.

I am in favor of a cow pasture or horse pasture.

Title: Re: Spiritbank Event Center
Post by: BKDotCom on June 12, 2014, 08:38:09 PM
Quote from: Red Arrow on June 12, 2014, 05:29:43 PM
I am in favor of a cow pasture or horse pasture.

The area is under-served...    for cows
Title: Re: Spiritbank Event Center
Post by: Red Arrow on June 12, 2014, 08:55:50 PM
Quote from: BKDotCom on June 12, 2014, 08:38:09 PM
The area is under-served...    for cows

and horses, don't forget the horses.

Title: Re: Spiritbank Event Center
Post by: Conan71 on June 12, 2014, 10:02:34 PM
Quote from: BKDotCom on June 12, 2014, 08:38:09 PM
The area is under-served...    for cows

smile, that's right, there's a Chik-Fil-A nearby, isn't there?
Title: Re: Spiritbank Event Center
Post by: Red Arrow on June 12, 2014, 10:36:19 PM
Quote from: Conan71 on June 12, 2014, 10:02:34 PM
smile, that's right, there's a Chik-Fil-A nearby, isn't there?
Not only nearby but in the same complex of stuff.  I've never been there though. In fact, I never been to most of the stuff there or on the other side of Memorial.
Title: Re: Spiritbank Event Center
Post by: Gaspar on June 13, 2014, 09:14:23 AM
Actually there was a study done some time ago (I believe it was done by the HBA or some other development group) that indicated the corridor from 91st all the way to 151st will see the largest boom in development, both commercial and residential over the next 10 years (it was probably about 5 years ago that I saw this, back when I was working in the land development industry).  That would then feed eastward growth to Glenpool completing a loop with 75.

Both Homebuilders and commercial developers, as well as investors have obviously taken this to heart and built up inventory out there. The city(s) have also focused on necessary infrastructure. Realtors are selling lots of homes concentrated in that area, and all of the sub-dividable residential property was purchased long ago and either planned or already developed by a handful of major developers.  I've got a good friend with 330 acres off of 151st that he bought for what I thought was a rather inflated price back in 2007.  He will have no problem retiring off that purchase, and already receives regular offers.

I wouldn't say that area underserved in any arena, but that is certainly a strong area for commercial investment because of the high and mid market residential growth.  It's in the evolutionary stages right now.  Some great opportunities for investment.
Title: Re: Spiritbank Event Center
Post by: Ibanez on June 13, 2014, 01:01:19 PM
Quote from: Gaspar on June 13, 2014, 09:14:23 AM
Actually there was a study done some time ago (I believe it was done by the HBA or some other development group) that indicated the corridor from 91st all the way to 151st will see the largest boom in development, both commercial and residential over the next 10 years (it was probably about 5 years ago that I saw this, back when I was working in the land development industry).  That would then feed eastward growth to Glenpool completing a loop with 75.

Both Homebuilders and commercial developers, as well as investors have obviously taken this to heart and built up inventory out there. The city(s) have also focused on necessary infrastructure. Realtors are selling lots of homes concentrated in that area, and all of the sub-dividable residential property was purchased long ago and either planned or already developed by a handful of major developers.  I've got a good friend with 330 acres off of 151st that he bought for what I thought was a rather inflated price back in 2007.  He will have no problem retiring off that purchase, and already receives regular offers.

I wouldn't say that area underserved in any arena, but that is certainly a strong area for commercial investment because of the high and mid market residential growth.  It's in the evolutionary stages right now.  Some great opportunities for investment.

I have heard the same thing, in particular about the stretch from Memorial to 75 on 151st. My in laws own a few rent houses in the small neighborhood behind the QT at 151st & Memorial and are of the opinion that in the next 5 years they will sell out to a developer for major $. I'm not sure who they know, but supposedly someone in the know told them 5 or 6 years ago when they were thinking of selling the houses to hang on to them for a few more years and then cash out.
Title: Re: Spiritbank Event Center
Post by: Conan71 on June 13, 2014, 02:16:56 PM
Finally got lucrative enough for the Conrad's to sell off their land.
Title: Re: Spiritbank Event Center
Post by: Ibanez on June 13, 2014, 09:47:28 PM
Quote from: Conan71 on June 13, 2014, 02:16:56 PM
Finally got lucrative enough for the Conrad's to sell off their land.

Wife's family knows the Conrad's well, her Grandfather grew up with the boys. While I'm sure they made good $ on the sale of the land, the main reason for closing the business was that none of the kids/grandkids were interested in keeping it going. At least that's the story I was told. So....grain of salt and all that.
Title: Re: Spiritbank Event Center
Post by: Conan71 on June 13, 2014, 11:12:55 PM
Quote from: Ibanez on June 13, 2014, 09:47:28 PM
Wife's family knows the Conrad's well, her Grandfather grew up with the boys. While I'm sure they made good $ on the sale of the land, the main reason for closing the business was that none of the kids/grandkids were interested in keeping it going. At least that's the story I was told. So....grain of salt and all that.

So true in many family-run businesses, Ibanez.  Better to fade out with dignity than to flame out with scorn like Arrow Trucking.

I'm really fortunate to work for someone who shares his dad's passion and vision for the business his dad started and he's a better economic steward to boot.  It's rarer than many think.  So many second or third generation businesses are run like a gratuitous ATM machine.
Title: Re: Spiritbank Event Center
Post by: Breadburner on June 14, 2014, 01:51:15 PM
The key to a successful arena/event center is proper management with the right connections to book shows/events.......
Title: Re: Spiritbank Event Center
Post by: davideinstein on June 14, 2014, 03:35:29 PM
That area is growing fast, but it will decline just as fast. The long term money is moving back towards the city.
Title: Re: Spiritbank Event Center
Post by: rdj on June 16, 2014, 08:54:04 AM
Quote from: davideinstein on June 14, 2014, 03:35:29 PM
That area is growing fast, but it will decline just as fast. The long term money is moving back towards the city.

No it's not.  The futurists predict the center of Tulsa will be 71st & Garnett by 2025.  The growth along the Creek Turnpike will continue to creep eastward.  A bridge across the river at Riverside/Delaware/Yale will open expansion back up in Jenks/Glenpool/Bixby.  As much as I love downtown and midtown the price to own a house and a yard with good schools in a new subdivision is too attractive for young families.  Until Tulsa truly hangs on to the "creative class" that growth won't slow down.
Title: Re: Spiritbank Event Center
Post by: Gaspar on June 16, 2014, 09:19:30 AM
I guess I don't know who the "long term money" is.  Most of the folks I know who have moved downtown or even midtown are the young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity.
Title: Re: Spiritbank Event Center
Post by: rdj on June 16, 2014, 10:07:40 AM
Quote from: Gaspar on June 16, 2014, 09:19:30 AM
I guess I don't know who the "long term money" is.  Most of the folks I know who have moved downtown or even midtown are the young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity.

I took it as the long term investor.  The investment in land in south BA is heavy right now.
Title: Re: Spiritbank Event Center
Post by: BouldinDomer on June 16, 2014, 11:02:11 AM
I tend to disagree with the statement that those living in Midtown and Downtown are the "young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity."

I think those living in Midtown and Downtown are absolutely turned off by the cookie cutter, chain restaurant feel of Jenks, BA, Owasso and South Tulsa. Everybody I know in the neighborhood simply chooses to live a different lifestyle with a different set of priorities. And while it is true that my neighborhood, Brady Heights, has several "young professional" types, most, if not all of them already have children and want nothing to do with the suburbs.

Personally, I moved to Tulsa from Bentonville eight years ago and I hated it until I moved downtown. If I wanted to live in an expansive housing development, and have a short drive to Wal-Mart, Chili's or Applebee's, I would move back to Northwest Arkansas. The differences between the suburbs of Tulsa and those around Little Rock or Bentonville are minuscule. I chose to live in Brady Heights and play downtown because each is unique.



Title: Re: Spiritbank Event Center
Post by: dioscorides on June 16, 2014, 11:32:09 AM
Quote from: BouldinDomer on June 16, 2014, 11:02:11 AM
I tend to disagree with the statement that those living in Midtown and Downtown are the "young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity."

I think those living in Midtown and Downtown are absolutely turned off by the cookie cutter, chain restaurant feel of Jenks, BA, Owasso and South Tulsa. Everybody I know in the neighborhood simply chooses to live a different lifestyle with a different set of priorities. And while it is true that my neighborhood, Brady Heights, has several "young professional" types, most, if not all of them already have children and want nothing to do with the suburbs.

Personally, I moved to Tulsa from Bentonville eight years ago and I hated it until I moved downtown. If I wanted to live in an expansive housing development, and have a short drive to Wal-Mart, Chili's or Applebee's, I would move back to Northwest Arkansas. The differences between the suburbs of Tulsa and those around Little Rock or Bentonville are minuscule. I chose to live in Brady Heights and play downtown because each is unique.

I agree with your disagreement.  My wife and I bought our first house in 2002 around 76th and Sheridan / Memorial.  When we started talking about having a kid, we starting looking for a house in midtown.  We didn't want our possible future child growing up in the cookie cutterness of suburbia.  We bought a house around Cherry Street in 2010 and couldn't be any happier with the decision.  We are expecting our first child in November and have no plans to move from our current location.  As far as building equity goes, we have built more in our current house in four years than we did in our old one in 8 years.  We have friends with kids that live in midtown, also.  None of them are planning to move, either.  Maybe I live in a midtown bubble now and am going against the grain, but I am not seeing the "we're having kids, time to move to surburia" exodus in my little corner of the world.
Title: Re: Spiritbank Event Center
Post by: DTowner on June 16, 2014, 11:56:12 AM
Downtown and suburban growth are not mutually exclusive and never will be.  Suburbs offer a lifestyle ("safety," comfort, schools, etc) at an affordable cost that many do and will continue to find attractive.  Even for those who would like to trade in their suburban life for downtown or midtown, the simple fact is many cannot afford to do so.  I thought this article from the Sunday T. World was interesting on that point.

http://www.tulsaworld.com/business/finance/many-seek-new-homes-near-cities-but-are-priced-out/article_02402022-7fca-573c-a1cb-5b31441354a9.html

If Tulsa can create a sustained yearly population growth, then there will continue to be plenty of demand for downtown development and midtown in-fill, as well as suburban development. Even with continued development out south, however, I don't see a viable future for the SpiritBank Center any time soon.
Title: Re: Spiritbank Event Center
Post by: sgrizzle on June 16, 2014, 04:08:31 PM
Quote from: patric on June 11, 2014, 07:51:22 PM
A lot of nearby homeowners would like to see that light-polluted eyesore leveled, and they just got one step closer:


The lights are out at the main arena of SpiritBank Event Center in Bixby, as building owner SpiritBank has stopped booking major events there.

Joyce Madewell, a spokeswoman for SpiritBank, said the bank is no longer seeking events for the 4,500-seat main arena within SpiritBank Event Center, though it is booking smaller events at ballrooms within the main part of the center as well as the space formerly occupied by Duke's Southern Kitchen.

"Since we're in the business of banking rather than event attractions, we're focusing on (smaller events) as we get closer to finding the right buyer," she said.

SpiritBank Event Center was the home of the Tulsa 66ers, a developmental team with the NBA. Madewell said the bank will no longer lease the space to anyone, including the 66ers.

Several businesses continue to lease out space within the building, including the Bixby Chamber of Commerce and SpiritBank itself.

The facility, along with the attached 130,000-square-foot retail center Regal Plaza, was constructed by Remy Cos. beginning in 2006 for a combined $50 million. In late 2009, SpiritBank took ownership of the facility in a deed in lieu of foreclosure action that wiped out $28 million owed to the bank by Remy Cos.

In 2010, SpiritBank sold the SpiritBank Event Center to MacPot LLC, which lists Phil Thompson of Edmond as its registered agent, according to Oklahoma Secretary of State records, for $19.25 million. One year later, SpiritBank purchased the facility back from MacPot for $19 million.

SpiritBank retains an ownership interest in Regal Plaza, though Madewell said the bank always owned it as part of a consortium of banks and never held a majority ownership. Earlier this year, SpiritBank transferred management of the ownership consortium to First United Bank of Durant.

Tulsa County land records indicate SpiritBank Event Center and Regal Plaza are both owned by SpiritBank c/o Special Assets Department.

http://www.tulsaworld.com/communities/bixby/big-events-no-longer-scheduled-at-spiritbank-event-center-in/article_fdb21bc8-3359-5080-ad5b-ea843208b23c.html

Pool our resources? TulsaNow event center?
Title: Re: Spiritbank Event Center
Post by: DowntownDan on June 17, 2014, 10:40:45 AM
Quote from: DTowner on June 16, 2014, 11:56:12 AM
Downtown and suburban growth are not mutually exclusive and never will be.  Suburbs offer a lifestyle ("safety," comfort, schools, etc) at an affordable cost that many do and will continue to find attractive.  Even for those who would like to trade in their suburban life for downtown or midtown, the simple fact is many cannot afford to do so.  I thought this article from the Sunday T. World was interesting on that point.

http://www.tulsaworld.com/business/finance/many-seek-new-homes-near-cities-but-are-priced-out/article_02402022-7fca-573c-a1cb-5b31441354a9.html

If Tulsa can create a sustained yearly population growth, then there will continue to be plenty of demand for downtown development and midtown in-fill, as well as suburban development. Even with continued development out south, however, I don't see a viable future for the SpiritBank Center any time soon.


Or if we can just keep young people here.  I agree that population growth in both is sustainable, but Tulsa is not, and probably never will be, large enough to support a suburban entertainment venue the size of the SpiritBank Center and I'm astonished that anyone ever thought it would be successful, especially when funding it.  Like I said earlier, they only work in very large metros like Dallas and Houston. 
Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 17, 2014, 12:05:54 PM
Quote from: DTowner on June 16, 2014, 11:56:12 AM
Downtown and suburban growth are not mutually exclusive and never will be.  Suburbs offer a lifestyle ("safety," comfort, schools, etc) at an affordable cost that many do and will continue to find attractive.  Even for those who would like to trade in their suburban life for downtown or midtown, the simple fact is many cannot afford to do so.  I thought this article from the Sunday T. World was interesting on that point.

http://www.tulsaworld.com/business/finance/many-seek-new-homes-near-cities-but-are-priced-out/article_02402022-7fca-573c-a1cb-5b31441354a9.html

If Tulsa can create a sustained yearly population growth, then there will continue to be plenty of demand for downtown development and midtown in-fill, as well as suburban development. Even with continued development out south, however, I don't see a viable future for the SpiritBank Center any time soon.



They just need to clear out that whole Maple Ridge area and put some affordable apartment housing there!  Now, there may only be hundreds of people living where thousands would fit!!

Title: Re: Spiritbank Event Center
Post by: heironymouspasparagus on June 17, 2014, 12:11:11 PM
Quote from: BouldinDomer on June 16, 2014, 11:02:11 AM
I tend to disagree with the statement that those living in Midtown and Downtown are the "young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity."

I think those living in Midtown and Downtown are absolutely turned off by the cookie cutter, chain restaurant feel of Jenks, BA, Owasso and South Tulsa. Everybody I know in the neighborhood simply chooses to live a different lifestyle with a different set of priorities. And while it is true that my neighborhood, Brady Heights, has several "young professional" types, most, if not all of them already have children and want nothing to do with the suburbs.



BA is in a headlong Rhema/First Baptist rush to gut the old city center and replace anything with character (and yeah, there are some condition issues - that could be fixed) by a "new and improved" version of McMansion.  Their old area isn't that big to start, but there are a LOT of vacant lots waiting for the "right" developer to pay off the planners and put in some cracker-box POS (the other, non-retail version).

Ahhh...progress for the sake of progress...and the pockets of certain people.


Title: Re: Spiritbank Event Center
Post by: DowntownDan on June 17, 2014, 01:14:27 PM
Quote from: BouldinDomer on June 16, 2014, 11:02:11 AM
I tend to disagree with the statement that those living in Midtown and Downtown are the "young professional or transitional crowd who will eventually seek suburbs when they have children of their own, or just want to start to build equity."

I think those living in Midtown and Downtown are absolutely turned off by the cookie cutter, chain restaurant feel of Jenks, BA, Owasso and South Tulsa. Everybody I know in the neighborhood simply chooses to live a different lifestyle with a different set of priorities. And while it is true that my neighborhood, Brady Heights, has several "young professional" types, most, if not all of them already have children and want nothing to do with the suburbs.

Personally, I moved to Tulsa from Bentonville eight years ago and I hated it until I moved downtown. If I wanted to live in an expansive housing development, and have a short drive to Wal-Mart, Chili's or Applebee's, I would move back to Northwest Arkansas. The differences between the suburbs of Tulsa and those around Little Rock or Bentonville are minuscule. I chose to live in Brady Heights and play downtown because each is unique.





Agreed.  When I moved back to Tulsa from Dallas I moved to midtown and I don't ever plan to move to the suburbs.  The parts of Dallas I wanted to live in were too expensive leaving the generic suburbs and a long commute.  If I wanted a boring suburban life I would be somewhere in North Dallas right now.