BancFirst unveils extensive makeover plans for Cotter Tower in downtown Oklahoma CityPublished: Wednesday, July 18, 2018 By: Steve Lackmeyer
BancFirst is proceeding with plans for an extensive makeover of Cotter Ranch Tower in anticipation of its $23 million purchase of the bankrupt downtown landmark.
The tower at 100 N Broadway languished under the ownership of the late James Cotter, a Texan who erected a statue of himself on the tower's north plaza and stamped his ranch's brand throughout the lobby.
BancFirst Executive Chairman David Rainbolt said Wednesday the redevelopment also would allow the bank to consolidate operations and increase its downtown workforce from 300 to more than 450.
“This would be good for us, good for the city, and it will be one of the last pieces to address downtown,” Rainbolt said. “There are huge problems with the building ... We need to get cost estimates for what we would want that building to be if we're to buy it. And to just to put in new plumbing, HVAC and mechanical and leave the outside the same — we don't want to do that.”