A proposal to fund a new $900 million arena in downtown Oklahoma City was approved by Oklahoma City area voters on Tuesday. 71% of voters who cast a ballot in yesterday’s election approved the measure, which extends a one-cent sales tax for an additional six years.
Under the plan, Thunder owners will be chipping in $50 million, and another $70 million will come from a previously approved sales tax earmarked for improvements to the current arena.
Officials say the new arena will keep the Thunder in Oklahoma City through 2050.
”Tonight, we told the nation, we told the world, that Oklahoma City is and shall remain a Big League City,” Mayor David Holt said.
