Lake Texoma resort in planning stage

(Oklahoma City-AP) -- The state's money-losing Lake Texoma resort could be replaced by a private development.<br><br>The Oklahoman reported Tuesday that officials are working on a plan for the state

Tuesday, November 25th 2003, 12:00 am

By: News On 6

(Oklahoma City-AP) -- The state's money-losing Lake Texoma resort could be replaced by a private development.

The Oklahoman reported Tuesday that officials are working on a plan for the state to purchase land owned by the US Army Corps of Engineers.

The state would then lease or sell the property, including the state-owned lodge, for private development.

Lieutenant Governor Mary Fallin says a private developer and the Chickasaw tribe have approached the state about developing the land.

About 1,500 acres of land is involved, including the state lodge, state park, an old golf course and the new Chickasaw Point Golf Course.

The state Tourism Department owns 300 acres, including the lodge. It leases part of two golf courses and the state park from the corps