OKLAHOMA CITY (AP) — 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 deal calls for at least $900 million to be spent constructing the new arena.
According to a city press release, the proposal will be presented to the nine-member Oklahoma City Council on Sept. 26.
If approved, Holt says the Thunder will play in the new arena for at least 25 years.
“For a generation, we will retain the economic impact and quality-of-life benefits we have enjoyed as a big-league city.”Political Cartoons View All 1154 ImagesThe NBA franchise moved to Oklahoma City in 2008 from Seattle.
Persons:
David Holt, Holt
Organizations:
OKLAHOMA CITY, Oklahoma City, Thunder, Oklahoma City Council, NBA
Locations:
Oklahoma, Seattle