Oklahoma City real estate briefs for Feb. 9, 2013

Oklahoma City real estate briefs for Feb. 9, 2013
Published: February 9, 2013

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Team wins engineering award

The team of Cobb Engineering Co., MacArthur Associated Consultants, Poe & Associates and SAIC was awarded the American Council of Engineering Companies Oklahoma 2012 Engineering Excellence Grand Conceptor Award for the entry “40 Forward: The Highway That Changed a City.” The Interstate 40 section from the I-235/I-35 interchange, west 4.5 miles to May Avenue, known locally as the Crosstown Expressway, was constructed in 1965. The decision to relocate the I-40 Crosstown five blocks south changed the face and direction of Oklahoma City. The Oklahoma Transportation Department selected the team of firms, which became known as design partners. The project included direct recycling and was challenged by constantly changing conditions in the downtown area. The original elevated mainline assembly was moved under controlled conditions and a tight right of way to salvage the original bridge girders for reuse by Oklahoma counties.

Rescue Mission to get loan

Oklahoma Housing Finance Agency's Board of Trustees approved a Housing Trust Fund construction loan for up to $500,000 to City Rescue Mission Inc. to renovate a building next door to its headquarters in the 800 block of W California Avenue. The building will house men who stay at the shelter and will include 288 beds. The term of the loan, approved at the January trustee meeting, is 18 months at 1 percent interest. The fund provides low-interest loans to finance new construction, conversion of buildings into apartments or homes, rehabilitation projects or infrastructure improvements. Developers, nonprofit organizations, local governments, Indian tribes and political subdivisions are eligible to apply for Housing Trust Fund loans. There is $2.9 million available. For more information, go to www.ohfa.org or call 419-8269.

Inspection group honors six

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