Skip to content
NOWCAST KOCO 10:30pm-11pm Sunday Night
Live Now
Advertisement

Oklahoma residents push back over $900M proposal for new arena

Some residents said they shouldn't be picking up the tab.

Oklahoma residents push back over $900M proposal for new arena

Some residents said they shouldn't be picking up the tab.

THOSE OPPONENTS TODAY. WELL, MAYOR HOLT SAYS THAT THE PLAN TO UPGRADE THE PAYCOM CENTER ARENA WOULD BE FUNDED THROUGH EXTENDING THE $0.01 SALES TAX ONCE THE CURRENT SALES TAX FOR MAPS FOUR WERE TO EXPIRE. NOW, ANOTHER PART OF THAT FUNDING WOULD COME FROM A $50 MILLION CONTRIBUTION FROM THE OWNER OF THE THUNDER. BUT SOME RESIDENTS SAY THAT THEIR CONTRIBUTION ISN’T ENOUGH. AND IT REALLY ENDED UP ALMOST LIKE THE WORST VERSION IT COULD BE. I THINK VOTERS SHOULD REALLY DEMAND A BETTER DEAL. PUSHBACK TODAY ON THE NEWLY ANNOUNCED PLAN TO BUILD A NEW DOWNTOWN ARENA THAT MAYOR DAVID HOLT SAYS WOULD KEEP THE THUNDER IN OKC C THROUGH AT LEAST 2050. THERE’S NO PLAN B, I MEAN, YOU KNOW, THIS THIS CITY, IF IT WANTS TO BE BIG LEAGUE, IT HAS TO CARRY THIS PROCESS ALL THE WAY THROUGH TO DECEMBER. SOME RESIDENTS SAY THE PLAN SHOULD FOCUS MORE ON PRIVATE INVESTMENTS FROM PEOPLE LIKE THE OWNERS OF THE THUNDER. I JUST THINK WE SHOULD STRESS THAT THE OWNERS OF THE THUNDER ARE BILLIONAIRES LIKE THEY ARE EXTRAORDINARILY AND FABULOUSLY WEALTHY AND THEY DIRECTLY BENEFIT FROM THE BUILDING OF A NEW ARENA. THE OWNERS OF THE THUNDER CURRENTLY PLAN TO DONATE $50 MILLION IF THE PLAN IS APPROVED BY VOTERS COME DECEMBER. THE REST OF THE FUNDING WOULD COME FROM MAPS MONEY ALREADY SET ASIDE AND AN EXTENSION OF THE $0.01 SALES TAX. I THINK PEOPLE NEED TO REALIZE THAT THIS IS A 95 FIVE ROUGHLY 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. LIKE, YOU KNOW, HUGE BASKETBALL FAN. WANT THE THUNDER TO STAY. THAT’S THE GREAT THING ABOUT THIS IS THESE GUYS ARE WEALTHY ENOUGH THAT THEY CAN BOTH BUILD AN ARENA AND STAY IN OKLAHOMA CITY. IT’S NOT A IT’S NOT AN ALL OR NOTHING DEAL. WE CAN’T ALWAYS ASSUME THE THAT WE’LL HAVE THE SYMPATHY OF THE OWNERSHIP. RIGHT. WE HAVE TO KNOW THAT THIS IS ACTUALLY A PRETTY COLD, HARD BUSINESS, YOU KNOW, AND AND WE HAVE TO YOU KNOW, WE HAVE TO DO WHAT CITIES OUR SIZE DO SOME ALSO SAY USING THE NEXT SIX YEARS TO PAY FOR THE ARENA MEANS WE LIKELY WOULDN’T HAVE A MAPS FIVE PLAN AND ALL THE NEEDS THE CITY COULD ADDRESS. WITH THAT, WE HAVE, YOU KNOW, A GROWING UNHOUSED POPULATION AND WE HAVE, YOU KNOW, DESPERATE NEED FOR MENTAL HEALTH SERVICES, FOR ALTERNATIVES TO INCARCERATION. THERE ARE MANY THINGS WE NEED IN OUR CITY THAT THAT TAX REVENUE COULD GO TOWARD. NOW, THOSE OPPOSED SAY THAT THEY BELIEVE THAT THIS THUNDER ARENA COULD BE MOSTLY PRIVATELY FUNDED AND KEEP THE THUNDER HERE IN OKLAHOMA CITY. BUT MAYOR HOLT HAS MADE IT CLEAR HE BELIEVES THIS IS THE BEST PLAN MOVING FORWARD. AND NOW THIS PLAN WILL GO TO CITY COU
Advertisement
Oklahoma residents push back over $900M proposal for new arena

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.Top HeadlinesEscaped Pennsylvania inmate captured after two-week manhuntWATCH: Man saves driver trapped inside burning carOklahoma investigating disgraced ex-Baylor coach Briles being on the field with Sooners assistant Jeff LebbyLawsuit filed to keep former President Donald Trump off Oklahoma's 2024 ballotSearch party for missing Oklahoma City woman ends in discovery of skeletal remains

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.

Advertisement

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.


Top Headlines