Oklahoma City Mayor David Holt unveiled a proposal Tuesday for a new $900 million downtown arena that would keep the NBA’s Thunder in the city through at least 2050 if approved by voters.
The plan released released by city officials calls for the continuation of a 1% sales tax for six years, $70 million from an existing sales tax approved by voters in 2019 for upgrades to the current arena, and a $50 million contribution from the Thunder ownership group. The deal calls for at least $900 million to be spent constructing the new arena.
