owned by the state) for the development of home sites and an upscale resort. Pointe Vista is a partnership between Mark Fischer, president and chief executive of Chaparral Energy, and Aubrey McClendon, chairman and chief executive of Chesapeake Energy. Also in 2007, the Governor of Oklahoma, Brad Henry, indicated that the state would likely purchase all or most of the remaining land at Texoma State Park under lease from USACE to transfer to Pointe Vista for further development. The new development is proposed to include 18–36 holes of championship golf, a club house and practice facility, aquatic center, outdoor recreation center, nature parks, campgrounds, retail shops, and an amphitheater. The new development will cost an estimated $360 million, which will also include housing, as well as a full-service hotel with restaurants, gym, business center, multiple swimming pools, spa, and meeting rooms. The proposed private community will have 250–350 high-end homes, ranging in size from . The Lake Texoma Lodge, built in 1951, officially closed its doors on December 1, 2006. The lodge was in poor repair, resulting in a steady decline in the facility's use. The lodge has since been demolished. Section 3182(j) of the Water Resources Development Act of 2007, authorized USACE to convey approximately of land at Lake Texoma to the city of Denison, Texas. The provision was backed by U.S. Congressman Ralph Hall (R) as an economic development initiative. The sale is to be at fair market value and the city of Denison is responsible for all costs associated with the transaction (costs for completing NEPA compliance documentation, surveys, appraisals, USACE administrative costs, etc.). The city in turn intends to sell the property to George Schuler, a local developer, for the creation of a private residential and recreational development on the conveyed land and adjacent land already owned by Mr. Schuler. The eventual development may result in as many as 10,000 residents locating in the Grandpappy Point area. The city and Mr. Schuler attempted to lease the same land from the Corps of Engineers in 2004, but abandoned those attempts in favor of legislation mandating the transfer, due to the inability to use the land for the intended purposes under a lease without an update of the Corps Shoreline Management Plan (SMP) for Lake Texoma. The majority of the land is currently zoned as Limited Development, Protected Area (suitable for nature hiking, birdwatching, etc.) and Aesthetic or