Paycom has submitted plans to create a 500-car capacity drive-in theater and food truck park on the property they own just east of their corporate campus.

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Not a bad idea haha.

This is a great use of otherwise non-productive land. I was wondering if we'd see a post-covid new-build drive in boom or not...

Not super excited about another car-heavy thing in a congested area but I like wasn't a fan of drive-ins declining either.

Interesting idea

Drive-in movies only show after dark, which means the rush-hour traffic due to employees will have dissipated.

Creative way to add more parking as well for future employees.

This would have been a great project to start 9 months ago. Now, it'll get built right as the pandemic ends.

Is this a project open to the public or just Paycom employees/families?

Is this a project open to the public or just Paycom employees/families?

Their PR person told me it will be for Paycom and their community partners.

Well that is lame. I wonder how busy it will stay. It seems like this could be a good way to make extra money, though it’s not like Paycom needs it.

Their PR person told me it will be for Paycom and their community partners.

Oh. I thought this would be open to the public. I change all my answers.

Well if they were creating it as a profit venture, then they could stop before they start because the concept is dead other than as a nostalgia piece. Count how many are left in OKC now and look at how UNbusy they are, even during the pandemic. If you aren't focused on making profit and just as making it as a perk for employees or your partners, well that's another thing. That means it will probably not be offered on a nightly basis or anything like that. I'm betting at most, a weekly show. The more they can encourage a large audience at a time, the more efficient it is and the better the crowd for the food trucks too. Definitely weird.

I'm suddenly wondering who Paycom sees as their community partners. Does that include their clients?

I'm suddenly wondering who Paycom sees as their community partners. Does that include their clients?

I’m wondering if they let non profits run movie nights as fundraisers. Then use it for company events

Downtownman - I was just typing this! - As a marketing person and former event marketer and producer, I think this is a great idea! Paycom can sponsor and host all sorts of nonprofit events and fundraisers with their name as presenting sponsor just for the use of the space. Concerts, movie themed parties, drive-in awards dinners - all sorts of possibilities. My crystal ball says social distance events are here to stay for a while.

^

I'm sure that's exactly what they'll do.

No matter what happens, it's going to take a while before people start returning to theaters.

movie Theaters were hurting before the pandemic. those that do the destination events, like Alamo Draft House and others were doing well. but massive chain theaters were already hurting. so i think we might never see moving going exactly the way it was before

movie Theaters were hurting before the pandemic. those that do the destination events, like Alamo Draft House and others were doing well. but massive chain theaters were already hurting. so i think we might never see moving going exactly the way it was before

The transition is already here: https://www.nytimes.com/2020/12/03/business/media/warner-brothers-movies-hbo-max.html

I wonder what the Paycom shareholders think about this antiquated idea. :confused:

I wonder what the Paycom shareholders think about this antiquated idea. :confused:

Probably a nice way to build a parking lot but make it have benefits for community as well

I wonder what the Paycom shareholders think about this antiquated idea. :confused:

well... looking at their stock price today... pretty okay with it.

Paycom also paid over $19 million for that vacant land last year, so comparatively this is a drop in the bucket.

Some residents of that apartment complex to the NE will get free viewings!

I wonder if the radio signal with the sound is strong enough to reach them

I wonder what the Paycom shareholders think about this antiquated idea. :confused:

Paycom shareholders don't seem to be too interested in profit considering current share price vs. net profit is closer to a 100-year return of premium than it is a 10-year return of premium.