The Oklahoma City Council voted Tuesday to set a Dec. 12 citywide vote on a proposed 1% sales tax for six years that would fund a new $900 million downtown arena and keep the NBA's Thunder in the city through at least 2050.
The council also voted 7-2 to approve a letter of intent with the Thunder's ownership group that would require the group to contribute $50 million toward the arena’s cost. The deal also calls for $70 million in city funds from an existing sales tax approved by voters in 2019 for upgrades to the current Paycom Center.
