Epworth Living at the Ranch, a planned retirement community partnering with the Oklahoma State University Emeriti Association, now has an office in the ConocoPhillips OSU Alumni Center.
Representatives of Epworth Living, the Emeriti Association and the Stillwater Chamber of Commerce attended a short ribbon-cutting ceremony for the office Monday.
Lisa Navrkal, chamber president and CEO, said the retirement community could impact the local economy to the tune of about $10 million a year.
The retirement community has been in the making since 1989, said Robert Henrickson, one of the Emeriti Association’s founding members.
“We started working on it and we had several hits and misses and finally got smart and decided to get someone in our state,” Henrickson said, referring to the association’s decision to work with Oklahoma City-based Epworth Villa.
Epworth Living at the Ranch will be built on land at 19th Avenue and Range Road. A planned unit development approved for the land in 2005 is still in place, Epworth CEO John Harned said.
Construction on the $60 million facility will start when 75 percent of the planned cottages and apartments are pre-sold, Harned told the NewsPress in November.
The company is willing to put money toward improving the area’s water infrastructure to make the community a reality, he said Monday.
“We definitely want to pay our fair share of the freight on water issues in that part of town,” Harned said.