New Arena (formerly Prairie Surf)

[BoulderSooner]

^

And any revenue from that ground lease must go back to the arena, so effectively they will be paying rent to themselves.

considering the City owns the arena and would be on the hook for maintaining and improving it anyway .. I think that makes sense ..

[Pete]

considering the City owns the arena and would be on the hook for maintaining and improving it anyway .. I think that makes sense ..

Any overage from the sales tax also must be put toward improvements and maintenance.

It's all just a huge self-generating fund that has to be spent on the arena and to the benefit of the team ownership group.


I said it at the time and I'll say it again: it's by far the worst deal a city has ever signed with an NBA team.

[PhiAlpha]

Any overage from the sales tax also must be put toward improvements and maintenance.

It's all just a huge self-generating fund that has to be spent on the arena and to the benefit of the team ownership group.


I said it at the time and I'll say it again: it's by far the worst deal a city has ever signed with an NBA team.

I get where you’re coming from but if it results in a world class arena and entertainment district that is a center piece for downtown over the next 30-50, years…does it really matter in this case?

[warreng88]

https://journalrecord.com/2024/10/ar...-new-1b-arena/

[Pete]

Jenni Carlson interviewed the new architect.

Here are some of the highlights:

• First renderings are expected this summer
• No preconceived ideas; will spend months listening to the the city and Thunder
• It should be threaded into the city fabric, not plunked down
• Everyone wants something unique and world-class
• Outdoor space will bring in the existing gardens/park

[April in the Plaza]

I get where you’re coming from but if it results in a world class arena and entertainment district that is a center piece for downtown over the next 30-50, years…does it really matter in this case?

Sure it does. Comps tend to matter in real estate deals, no?

[PhiAlpha]

Sure it does. Comps tend to matter in real estate deals, no?

Really seems like an apples to pumpkins comparison.

[BoulderSooner]

Sure it does. Comps tend to matter in real estate deals, no?

did you miss where the team has to pay market rate for the ground lease??