Boomtown Tower
Murphy CEO Claiborne Deming is getting pretty good at making stunning announcements. First the Murphy Promise, and now news that El Dorado will soon be home to the world’s tallest building.
Deming, flanked by executives from the multi-million dollar corporation, smiled and drew applause as he announced his company’s plans to construct a massive 150 story building dubbed “Boomtown Tower.” The building will be located in the center of downtown El Dorado, Deming said.
“What an exciting day for us; what a great day for El Dorado,” Deming told a crowd of more than 300 gathered on the steps of the Union County Courthouse, which will soon be torn down to make way for construction of the $5 billion Boomtown Tower.
Deming said the company has planned for some time to construct a large building that will “better represent” Murphy’s status in the oil and gas world. And what better time than now, when profits are high as a result of record oil prices, he said.
The first four floors of the tower will house a new Union County Courthouse, followed by 50 floors of apartments, condos and retail space. The remainder of the building will be dedicated to Murphy Oil and their worldwide operations.
The top five floors will feature penthouse suites for Deming and other high-level executives.
Deming said that with the El Dorado Promise, “enough interest has been generated from our other corporate offices throughout the world that they all want to move here to El Dorado, so that’s what we are doing.”
More than 4,000 of Murphy’s employees will relocate to El Dorado and live in Boomtown Tower, Deming said.
Connecting the tower with a major airport was a “huge concern” for company officials, so plans call for building a subway that will link Boomtown Tower with a new high speed rail system to be constructed between El Dorado and Dallas.
“This will really give us an international connection,” Deming said. “We can have our people depart a plane at Dallas Ft. Worth International Airport, board a high speed train, and be in El Dorado within two hours.”
News of the Boomtown Tower quickly spread around El Dorado and the world.
Union County Judge Bobby Edmonds, whose office will soon be reduced to rubble and temporarily relocated across town to the Union County Sheriff’s Office, called Deming’s announcement “remarkable.”
“We really don’t know what to make of this right now,” Edmonds said.
Of course Edmonds and the Union County Quorum Court must approve plans for the demolition and temporary relocation of the courthouse. But “that will not be a problem,” Edmonds said. “There is no way we would stand in the way of something this massive.”
Some aren’t as happy about Murphy’s plans for downtown. Prominent businessman and El Dorado City Council candidate Richard Mason said it’s an “outrage to rid the city of such a historical structure.”
Richard and his wife, Vertis, own many historic buildings in downtown El Dorado, including the Rialto Theater. Both attended Murphy’s press conference on Wednesday.
After Deming spoke, Vertis Mason approached the CEO and told him that he “should be ashamed of himself” for planning to locate the building in the center of downtown.
“Why can’t you build it on Peach Street at your current headquarters?” Mason quipped.
Deming replied, “You’re just jealous because our building will look better than anything else downtown, and because you won’t own it.”
The Masons said they may counter Deming’s construction plan with one of their own, although they did not cite specifics.
“Sure, we have our plans, and we will have our own announcement very soon,” Vertis Mason said. “Expect something really big.”
Demolition of the courthouse is scheduled to begin at the end of July, Deming said. All offices will be temporarily relocated to the Union County Sheriff’s Office. Murphy has purchased 20 portable trailers from FEMA, which are currently en route to Union County, to be used as office space there. Construction on Boomtown Tower will begin in mid-August.