Oklahoma City approves first mega-data center amid rising mortgage rates
The city council approved Beltline Energy's data center project with strict zoning terms, while home values rose slightly and new home sales dipped nationally.
The Oklahoma City Council approved Beltline Energy's proposed mega-data center, setting strict zoning terms for the project, according to The Oklahoman. The approval, reported by Construction Review, marks the city's first such facility with detailed land-use conditions. The project is set to proceed through the zoning process, though no timeline was provided. Meanwhile, the typical home value in Oklahoma City rose to $243,069 in September 2026, up 1.0% from the prior year, according to the Zillow Home Value Index. Nationally, new home sales declined as mortgage rates remained elevated, The Journal Record reported. The Mercury noted that 7.5% mortgage rates are still possible, though the Federal Reserve held rates steady in its latest meeting. In unrelated local news, former NBA player Coby White sold his Lincoln Park home for $5 million, Lyndy's Sports Annuals reported. The obituary of Margaret Ruth Croy was published by Barnes-Friederich & Pope Funeral Home, noting her long residence in Del City.
Sources
- As Fed Holds Steady, Are 7.5% Mortgage Rates Still Possible?themercury.com
- Beltline Energy's Data Center Project Approved by Oklahoma City Council, Project Set for ZoningConstruction Review
- OKC approves first mega-data center with strict zoning termsThe Oklahoman
- US new home sales slip as mortgage rates riseThe Journal Record
- Hornets’ Coby White sells Lincoln Park home for $5 millionLyndy's Sports Annuals
- Margaret Ruth Croy Obituary (2026) - Oklahoma City, OK - Barnes-Friederich & Pope Funeral Home - Del CityLegacy | Obituary
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