snydrosooner
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- Feb 11, 2009
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Property tax portion is still active.Yeah They wound down that TIf like 15 years ago during the recession.
Property tax portion is still active.Yeah They wound down that TIf like 15 years ago during the recession.
I think you may be correct but what does that say about OU basketball? The only way we can get a new arena is for public assistance when schools all over the country are making it happen on campus? Are we really that bad of a program? Has Joe C really made it a priority to explore conventional avenues? I don't know but it sure speaks volumes about the state of the program.in an ideal world i think pretty much most of OU bball fans and the administration would rather have a new stadium ON campus .. (at the NE corner of Brooks and Jenkins)
but that money doesn't exit .. so the option is stay at the LNC for another 20-30 + years ... or move to this arena that OU doesn't have to pay for ...
and in that either or scenario .... it is a very very easy choice ..
OU football has like 400 mil in unfunded football renovations and projectsI think you may be correct but what does that say about OU basketball? The only way we can get a new arena is for public assistance when schools all over the country are making it happen on campus? Are we really that bad of a program? Has Joe C really made it a priority to explore conventional avenues? I don't know but it sure speaks volumes about the state of the program.
and by the way UT just got a new basketball arena with also 0 school dollars ..I think you may be correct but what does that say about OU basketball? The only way we can get a new arena is for public assistance when schools all over the country are making it happen on campus? Are we really that bad of a program? Has Joe C really made it a priority to explore conventional avenues? I don't know but it sure speaks volumes about the state of the program.
Interestingly, Moody Center has a capacity of 16,000, but they downsize it to 10,000 for UT basketball.and by the way UT just got a new basketball arena with also 0 school dollars ..
If this were a group paying with their own money, and not needing a handout from the city, then this would be an apples to apples comparison. The Moody Foundation donated like, $130 million, and OVG paid the rest. UT owns the land.and by the way UT just got a new basketball arena with also 0 school dollars ..
On campus I might addand by the way UT just got a new basketball arena with also 0 school dollars ..
Football has had several upgrades and plans for more in the near futureOU football has like 400 mil in unfunded football renovations and projects
OU baseball has been trying to get a renovated stadium for 20 years ..
ect ect ect ..
not really about OU basketball
If this were a group paying with their own money, and not needing a handout from the city,
But it is still not a fair comparison with the steal that UT and Austin got.TIF is not a handout .... it is a project that wouldn't happen paying for itself ..
I just hope they build it just like absolutely perfect. In every way ideal for a basketball arenaThis looks absolutely amazing. If this gets done I will be back in Oklahoma to attend some games. If it doesn't I'll be back in Oklahoma but may not go to the LNC dump.
I can't speak on any of the sports other than basketball and football. But basketball is the 2nd biggest revenue sport right? If so, I wish they'd put off every single sport until football, and then basketball, are completely finished (so using the city for basketball sounds really really smart to me). Imo we have to pour every cent into football until the end times prolly bc of the way "college" sports are ending...OU football has like 400 mil in unfunded football renovations and projects
OU baseball has been trying to get a renovated stadium for 20 years ..
ect ect ect ..
not really about OU basketball
TIF is not really risk free to the city in terms of cash flow because it ignores what development might happen there on its own. But I agree the arena was not happening without the TIF and it's probably a decent candidate for using a TIF because a similar project is not coming without it (as opposed to the original TIF, which I think would have otherwise resulted in a similar development...Target was already there).
Austin is just a silly comparison for a number of reasons. It's a downtown arena in the middle of a large, fast growing city that doesn't otherwise have an arena. This project is a basketball arena that will also serve as a secondary venue in the suburbs of a smaller city that is building a $1 billion arena. It's apples to oranges. That doesn't mean its a bad project (I've said the UNP arena is good at least for what our options are now), but it's just not even in the same stratosphere.
NOI can't speak on any of the sports other than basketball and football. But basketball is the 2nd biggest revenue sport right? If so, I wish they'd put off every single sport until football, and then basketball, are completely finished (so using the city for basketball sounds really really smart to me). Imo we have to pour every cent into football until the end times prolly bc of the way "college" sports are ending...
I hope the baseball is delayed, even if they really need it sorry to say. Scary times in college sports imo
agreed they need to do it ASAP
I was referring to the new OKC arena.the entire development is 1 billion ... the TIF portion of the arena is 230 mil ..