Oklahoma City Voters Approve Sales Tax to Fund Continental Coliseum Arena
What happened
Local voters in Oklahoma City approved a penny sales tax in December 2023 to fund a new arena. The Continental Coliseum, a 750,000 square-foot facility, recently passed a construction milestone, with crews pouring concrete decks on the former arena site. The arena is funded by the sales tax, $89 million in MAPS 4 funding, and $50 million from the Oklahoma City Thunder ownership group.
From okcfox.com
Why it matters
The sales tax is set to fund the Continental Coliseum over 72 months. This project, which is supported by funding from the Oklahoma City Thunder ownership group and MAPS 4 funds, is expected to provide major economic stimulus to the state of Oklahoma.
From okcfox.com
Who's involved
- Oklahoma CityThe location where voters approved the sales tax and the arena is being built.
- Oklahoma City ThunderContributed $50 million toward the arena's funding.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OklahomaSpeculative
The state of Oklahoma might experience increased economic stimulus due to the new arena and sales tax revenue.
- Oklahoma CountySpeculative
Oklahoma County could see a boost in regional economy through arena construction and tax revenue.
- Oklahoma State FairSpeculative
Oklahoma State Fair may see higher foot traffic and revenue from increased city tourism and events.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Oklahoma City
city and state capital of Oklahoma, United States