Shareholders have criticized Chesapeake Energy for spending on “non-core assets,” but many locals who live near the Oklahoma City campus welcome the company’s real estate investment.
Chesapeake Energy Corp.’s real estate arm paid more than $2.2 million to buy one row of homes in the Meadowbrook Acres neighborhood next to the Classen Curve shopping center, shelling out as much as 10 times the market value … While the area used to be full of run-down properties, people in the neighborhood are working to fix up their homes now, he said. While he’s heard a few complaints about noise and traffic from the Classen Curve, the development is mostly an asset to the community, Littlefield said.
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