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Published 8 months ago

City council approves special election for new OKC Thunder arena

  • The Oklahoma City Council has scheduled a citywide vote on a proposed 1% sales tax to fund a new $900 million downtown arena. The funding of the arena is aimed at securing the NBA's Thunder in the city until at least 2050.
  • To reduce costs, the Thunder's ownership group has been required to contribute $50 million towards the arena's construction. This contribution was approved by a 7-2 vote from the city council.
  • The new arena is expected to be ready for the 2029-2030 NBA season, replacing the outdated Paycom Center, which is currently one of the smallest and oldest arenas in the league. The city officials hope that the new arena will provide a compelling reason for the Thunder to remain in Oklahoma City.
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