Terry said it was tough to raise money for the project during the recession, but industry leaders persevered.
“They wanted this to happen,” he said.
The group spent $500,000 to acquire the land from the Oklahoma City Urban Renewal Authority. The 23,000-square-foot building, which was designed by Davis Design Group and built by Landmark Construction, cost $5.1 million.
“It's going to be a great space,” Terry said.
The group is sharing its new home with the Oklahoma Energy Resources Board, which has its offices on the first floor. OIPA occupies the second.
“The OERB staff is excited to begin a new chapter near downtown Oklahoma City,” OERB Executive Director Mindy Stitt said. “Whether we are hosting Oklahoma teachers for an event or providing the public with informational seminars about the oil and natural gas industry, this new space will allow the OERB to better support the people it serves.”
Both groups moved into their new homes last week from rented space at Landmark Towers, near Portland Avenue and Northwest Expressway.