Industrial authority approves Green Lion sublease to Player 1 Power for Heavy Industrial Park property

The Atoka Industrial Development Authority approved a sublease allowing Green Cam America, doing business as Green Lion, to sublease a property in the Heavy Industrial Park to Player 1 Power Inc.

Staff told the board the property in question includes the "Tall Tower Building" and an approximately 50,000‑square‑foot building in the Heavy Industrial Park. The proposed sublease remains subject to prior encumbrances listed in the original lease dated Feb. 18, 2025.

A staff presenter said Green Lion currently recycles lithium batteries at the site and has entered a partnership with Player 1 Power to pursue designation of a federal trade zone there. "We're trying to establish a federal trade zone," the presenter said. The presenter described the request to sublease as largely a change in the entity name and ownership structure so the partner can participate in federal contracting and related benefits; the speaker said those incentives would apply to the company, not to the city or the industrial authority.

Board members asked about liabilities and ongoing litigation affecting the property's encumbrances. Staff said all parties are aware that rights to use and possess the property are subordinate to existing litigation involving Gladio, and that the subordinate status has been documented and acknowledged in writing.

The board voted by roll call; members recorded yes votes and the sublease was approved. The sublease approval includes the notation that prior encumbrances on the parcel remain in force and that the industrial authority's approval does not alter outstanding litigation or liens.