[Mussatto] OKC arena news: The city of OKC and the Thunder intend to open a new arena in time for the 2029-30 NBA season, if not sooner. The project cost will be a minimum of $900 million, per press release.
$50M out of $900M to be covered by ownership? 5.5% is now a [“significant contribution?”](https://x.com/CAlmanza1007/status/1682095841216012288?s=20) I know the Thunder are a huge part of the state and downtown OKC has flourished since 2008, but damn if I don’t feel a little anxious about having the public sign off on the remaining $850M, even if it is coming from MAPS.
I wish I was still a resident of OKC as that’s major shit. OKC needs the Thunder – it’s economy is tied to it, and many new businesses LOVE wrapping themselves in it. Bricktown needs it. OKLAHOMA NEEDS IT.
For those who live in OKC – don’t forget to cot damn cast your ballot on this one! Treat it like MAPS, where basically you’re extending the taxes. I truly feel any opposition would be Seattle-based rebel-rousing 🙂
SnooLemons5457
I’m guessing the city is prioritizing number of years on the lease over cash.
Would you rather have:
5 year lease with $300m
10 year lease with $150m
20 year lease with $50m
Oklahoma_is_OK
If I see one person start with the “we could be paying our teachers with this money” I’m gonna lose my mind.
walker0303
For those who argue that these things are a boon to the local economy. Meta analysis says otherwise.
11 Comments
Black eye of the league is here to stay.
$50M out of $900M to be covered by ownership? 5.5% is now a [“significant contribution?”](https://x.com/CAlmanza1007/status/1682095841216012288?s=20) I know the Thunder are a huge part of the state and downtown OKC has flourished since 2008, but damn if I don’t feel a little anxious about having the public sign off on the remaining $850M, even if it is coming from MAPS.
Basically means that the city will own the arena.
https://kfor.com/news/local/mayor-holt-announces-plan-to-build-new-arena-without-raising-taxes-touting-commitment-by-the-thunder-beyond-2050/
I wish I was still a resident of OKC as that’s major shit. OKC needs the Thunder – it’s economy is tied to it, and many new businesses LOVE wrapping themselves in it. Bricktown needs it. OKLAHOMA NEEDS IT.
For those who live in OKC – don’t forget to cot damn cast your ballot on this one! Treat it like MAPS, where basically you’re extending the taxes. I truly feel any opposition would be Seattle-based rebel-rousing 🙂
I’m guessing the city is prioritizing number of years on the lease over cash.
Would you rather have:
5 year lease with $300m
10 year lease with $150m
20 year lease with $50m
If I see one person start with the “we could be paying our teachers with this money” I’m gonna lose my mind.
For those who argue that these things are a boon to the local economy. Meta analysis says otherwise.
https://www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4022547
Hell yes. That’s the news I wanted to see!
When will we know what the arena will look like?
Seattle residents who want to see us lose the team are sick right now let’s go
I’m calling actual to be 2031-32 season, 1.4 Bill