“Oil Boom Fuels New Home Construction Throughout Oklahoma”
Filed by KOSU News in State Impact.
September 15, 2012
The promise of high-paying jobs means communities in western Oklahoma’s oil patch have more workers than homes.
St. Louis-based USA Wealth Partners on Wednesday will hold a grand opening and ribbon cutting at its Homestead Development just south of Interstate 40 in Elk City.
The neighborhood was planned and started in the early 1980s, but the oil boom went bust early into the project.
Roads and utility lines were installed on the more than 100-lot division, but fewer than 10 homes were completed.
So for 30 years the rest of the neighborhood remained empty.
Until a new oil boom set in.
Read more at: newsok.com
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