Re: Ford Center improvements up for March 4 vote
gm.
I appreciate your opinion and you have some very valid concerns. But once again, I must remind you that OKC is a NEW CITY and is not YET in the position to dictate to lucrative sports teams 'what's what.' That is just a fact.
While I do appreciate your opinion, I think it is flawed in many respects with regard to OKC's case. For one, you mentioned 'taxing people who would never go to a game is unfair'.
Your statement is flawed because 1) the upgrade to the Ford Center will benefit the whole of OKC, not just the new NBA team. It will benefit the Blazers, the Yard Dawgs, convention business, concerts, OKC's efforts with the Big XII and NCAA, and OCU/OU/OSU. 2) the upgrade to the Ford Center is essentially a completion. Remember the original MAPS specifically stated that the initial completion was a "starter arena" which would have luxury amenitites shelled in 'if OKC proved itself and landed a major-league team'. 3) the upgrade to the Ford Center will have unmeasurable spin-off effects that will be seen in the hospitality and retail sectors of the city, which in turn lead to additional tax revenue for the city. 4) last but not least, being in a BIG CITY - there is NO SUCH THING as 'people paying for something they dont use.' What about all of those single professionals who pay property taxes, which go to schools and libraries. Sure, these people could claim they dont use that - and probably would be more valid of a claim than yours. But nevertheless, OKC is a better city with good schools and libraries - hence, even single working professionals benefit by being taxed on their property although admittedly, they do not DIRECTLY use those resources as often as Nesters.
I am responding to your (and other's) opinion, not as an attack but just to present a different prospective that you may not have considered. OKC will benefit with the NBA - image, prestigue, being mentioned on the ESPN and World news with the likes of NY, Chi, ... The NBA is publicity that you can't pay enough for.
Furthermore, what totally destroys the MAPS for MILLIONAIRES arguments is the fact that Bennett and Co are and will be out WAY MORE than the citizens of OKC when all is said and done. Even consider the costs they have absorbed to date - to bring YOU and YOUR CITY a NBA team; Bennett = $350M purchase price + $$$ lawsuits + >$50M to relocate to OKC + $$$ to start marketing in the OKC region. ... vs. OKC's taxpayer expenditure $90M initial cost of the Ford Center (which Bennett hasn't even used yet) + $121M for upgrades (of which only half would benefit the NBA solely).
the Cost to Business analysis equals.
Bennett and Co = $500M+
Oklahoma City Taxpayers = $212M total (in reality, it should be only $60M since that is the amount specific to the NBA).
So in reality, it's only costing taxpayers $60M to not only get an NBA team but also to get a top knotch arena that could compete with the best in the league.
Clay Bennett himself said the improvements to the Ford Center will satisfy his groups requirements and should last for years to come. if you read into that, you could conclude either of the following 1) OKC wont have to build another arena for 20+ years or 2) if OKC does need a new arena, I bet the OKC ownership group will either build it themselves OR contribute significantly since they LOVE their hometown. Obviously, they can't do this now - because Seattle (and most everywhere else) will cry foul. But with an established team and a proven market, you bet a HOMETOWN owner would make sure his team is successful!! Esp in sports crazy and image desparate OKC.
One final thought, to those who think owners MAKE SO MUCH money off their teams - think again. Bennett and Co lost (at least) $17M in Seattle in 2006 and stand to lose more this year. In OKC, Bennett and Co stand to make appx $60M annually (with Ford Center improvements and a nice lease with the city). If you consider their initial upfront costs of at least $500M to bring the team here, it would take them 9 seasons just to break even!!!
I dont know about you, but I call that a horrible investment. This is something to consider next time the thought of Maps for Millionaires comes up. These owners wont be making any huge returns any time soon!! They just love their city and will do anything to improve YOUR quality of life. Sure, you might not go to the games - but I bet you will watch on TV. And surely, your life will be better than it is with the NBA in town, if nothing more than just being part of the NEW OKC and the positive image that comes with being a major league city.
You might not like the type of tax, but it's only a year and 3 months. OKC isn't yet in the position to rely on hotel taxes or ticket taxes to fund this venture (would take decades to pay back - ASK SEATTLE if you dont believe me).
I find OKC's way of financing, while not necessarily the best - it sure is quick and your city government has done a great job ensuring the money is well spent.
I hope some of my arguments go to assist in changing your mind a little. Give OKC a chance to get into the big time, it will then be MUCH easier to tackle some of the 'minor run-of-the-mill' issues.
Oklahoma City, the RENAISSANCE CITY!
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