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OU to purchase Cross Village complex, accelerate demolition of Adams Tower

OU has reached an agreement with Provident Oklahoma Education Resources, Inc. to transfer ownership of the Cross Village complex to the university, clearing the way for OU freshmen to live in the complex and accelerating replacement of the towers. According to a Wednesday email from OU President Joseph Harroz, Cross will be considered a university on-campus living property starting in fall 2021, and all outstanding litigation between the university and Provident Oklahoma, the owner of Cross Village and a non-profit subsidiary of Provident Resources that financed Cross’s development, has been resolved.  “Now, with Cross Village available for freshmen this fall, we can start the demolition process of Adams Tower this summer,” Harroz wrote in the email. “(The purchase allows OU) to accelerate the replacement of Adams Tower by four years.”

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