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Article: Phillips, nonprofit sign Price Tower agreement

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THE JOURNAL RECORD
Article date:
August 17, 1998
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BARTLESVILLE (JR) -- Phillips Petroleum announced plans Friday to turn over the historic 19-story Price Tower to a local nonprofit group if it raises $3.5 million for an endowment.

Phillips said it will deed architect Frank Lloyd Wright's tallest creation and the Price Tower Annex to the Price Tower Arts Center after the preservation group secures the money needed to endow an operating fund.

"The Price Tower fulfilled Frank Lloyd Wright's vision of a `tower in a country town' and holds a unique space in the Bartlesville skyline," said Wayne Allen, Phillips chairman and chief executive officer. "This collaborative effort to preserve the tower will ensure that Wright's vision will continue to ...

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