MuskogeePhoenix.com, Muskogee, OK

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January 16, 2013

A.M. UPDATE: Cherokees purchase two pieces of property

— TAHLEQUAH — The Cherokee Nation’s property portfolio in Tahlequah expanded as officials announced two separate real estate transactions Tuesday.

The Cherokee Nation finalized an agreement to purchase the Oaks Village Center on Muskogee Avenue. The 16,167 square foot property, acquired for under market value, will be the future home of multiple Cherokee Nation programs. Closing on the property is expected in the next 120 days.

“We have an obligation to make smart investments for our citizens,” Principal Chief Bill John Baker said in a media release. “This investment is a win-win for the Cherokee Nation. First, we added a marquee Tahlequah property at a great price and secondly, we will get increased office space we so desperately need. The new facility will pay for itself within five to ten years. For the money invested, $70 per foot, we could not build anything for less than that, let alone buy the land.”  

Cherokee Nation Businesses negotiated the terms of the property acquisition and the Cherokee Nation is making the purchase.

Additionally the Cherokee Nation purchased a 113 acre tract of land contiguous to the Cherokee Nation tribal complex and cultural grounds. The land will be used for two distinct purposes. Chief Baker said some of the land will be earmarked for new housing development. The land will also provide the Cherokee Marshal Service a permanent practice range.

“Instead of moving dirt and creating a hill for weapons practice, this acreage includes a natural mountain range that will provide a much safer setting for our Marshals and our citizens,” said Cherokee Nation Tribal Council Speaker Tina Glory-Jordan. “The Cherokee Nation has been seeking to purchase this particular piece of land for the last five years and after much due diligence, we were able to secure it for a value added price and substantially less than the appraised value.”

 

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