Oklahoma residents push back over $900M proposal for new arena
Some residents said they shouldn't be picking up the tab.
Some residents said they shouldn't be picking up the tab.
Some residents said they shouldn't be picking up the tab.
Oklahoma residents pushed back over the $900 million proposal to build a new arena.
Some residents said they shouldn't be picking up the tab. Mayor David Holt said the plan to upgrade Paycom Center would be partially funded by continuing a one-cent sales tax after the current sales tax for MAPS 4 expires.
The other portion of the funding would be a $50 million donation from owners of the Thunder, but some residents said that contribution isn't enough.
| MORE | Future of Oklahoma City Thunder, new downtown arena could soon be in hands of voters
"It really ended up almost like the worst version it could be. I think voters should really demand a better deal," Nick Singer, communications director with Oklahoma Progress Now, said.
Holt said the arena would keep the Thunder in Oklahoma City through at least 2050.
"There's no plan B. This city, if it wants to be Big League, it has to carry this process all the way through to December," Holt said.
Some residents said the plan should focus more on private investments from people like the owners of the Thunder.
"I think we should stress that the owners of the Thunder are billionaires. They are extraordinarily and fabulously wealthy, and they directly benefit from the building of a new arena," Singer said.
The owners of the Thunder currently plan to donate $50 million if the plan is approved by voters come December.
| MORE | Mayor David Holt announces plans to build new downtown arena, keep Thunder in OKC past 2050
"I think people need to realize that this is a roughly 95/5 split on public versus private investment, so they are putting in a very small amount of money relative to the total deal. I love the Thunder. They’re great. Huge basketball fan, and I want the Thunder to stay. That’s the great thing about this is these guys are wealthy enough where they can both build an arena and stay in Oklahoma City. It's not an all-or-nothing deal," Singer said.
The rest of the funding would come from MAPS money already set aside and an extension of the one-cent sales tax.
"We can't always assume we’ll have the sympathy of the ownership. We have to know this is a pretty cold, hard business and we have to do what cities our size do," Holt said.
Some also said using the next six years to pay for the arena means there likely wouldn't be a MAPS 5 plan and all the needs the city could address with that.
"We have a growing unhoused population, a desperate need for mental health services, for alternatives to incarceration. There’s many things we need in our city that that tax revenue could go toward," Singer said.
Those opposed said they believe the Thunder can stay in OKC and the arena can mainly be privately funded. Holt made it clear the plan announced is the best course of action.
It will be brought to the city council in a few weeks and voters will have the ultimate say in December.
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