In October of 2011, Christofer Hellman posted a long article on Forbes Magazine online - Forbes.com - detailing his interview with Aubrey McClendon of Chesapeake Energy. This is what McClendon said about his investments in land on Lake Texoma: "At Lake Texoma, my partner Marc Fischer of Chaparral Energy came up with the idea to redevelop some state land on Lake Texoma, which forms part of the border between Oklahoma and Texas. We had an expansive development planned for this acreage in early 2008, but the recession of the past few years has forced us to wait until the real estate business turned better. Now that the Dallas and Fort Worth economies are stronger and the Oklahoma economy is strengthening as well, it's probably time for us to dust off our plans and get back engaged in developing that property." Well, it's been a year and a half now, and what are we seeing here on the lake? The particular area I'm discussing in this article is located on both the north and south sides of Highway 70, and includes Lake Texoma State Park. Has any real, new development begun? It appears that the land purchased in 2006 has not seen much improvement, if any, and worse yet, a lot of things are deteriorating. Reports of old, dilapidated cabins at Catfish Bay Marina and Lake Texoma State Park contribute to descriptions of the general area as "a ghost town," and they are not uncommon. Wikipedia says, "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. It is estimated that the new development will cost $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 1,500 to 4,000 square feet." OK. That description makes me wonder if anybody from Wikipedia has checked out the area recently? Investigate West - www.invw.org - is a site that specializes in reporting on public issues around the country, and it published an article by Robert McClure in June 2012 describing how the federal land conveyed to private developers on Lake Texoma was in violation of National Park Services guidelines. "The Park Service's rules also say a fully functioning park must be up and running within three years - but does not spell out penalties if that doesn't happen. The National Park Service official in charge of overseeing park conversions in the Park Service's Midwest region acknowledged that the delay in replacing Lake Texoma's park facilities should not have happened. "It was supposed to be fast-tracked. ... I should have known that wouldn't be the case," said Bob Anderson, chief of the Recreation Grants Division in the Park Service's Midwest region, who OK'd the deal." Now it's Spring of 2013 and things have not yet changed substantially. I noticed that there have been no newsletters posted on Pointe Vista's website - www.pointe-vista.com - since August of 2011. It really makes me wonder what's happening there now. How about you? Please feel free to comment with your own observations.