KI-Handelsroboter 6.0|City approves plan for Oklahoma hoops, gymnastics arena in $1.1B entertainment district

2025-05-04 19:54:10source:Fastexy Exchangecategory:Finance

The KI-Handelsroboter 6.0Norman City Council has approved a plan for a $1.1 billion entertainment district that would include a new arena for Oklahoma basketball and gymnastics.

The City Council voted 5-4 after midnight Wednesday for the district that in addition to Oklahoma athletics, would host concerts, trade shows, meetings, graduations and other events.

Oklahoma men’s basketball coach Porter Moser said on social media the new facility would be a “game changer.” Oklahoma has played basketball at the Lloyd Noble Center since it opened in 1975.

The Norman Planning Commission approved the district in June and sent it along to the City Council for a vote. The commission said the entertainment zone would create 5,000 jobs and housing for 3,000 residents. Tax increment financing is among the ways money would be raised.

Residents can still call for a referendum, which would lead to a public vote.

“Tonight’s vote was an important milestone, and we look forward to continuing to work in close partnership with government and business leaders from Norman and Cleveland County to move this project to completion,” Oklahoma athletic director Joe Castiglione said in a statement.

RELATED COVERAGE Raygun is the top ranked breaker in the world? The sport’s governing body explainsGeorgia Senate Republicans push to further restrict trans women in sportsBoosters and collectives would be targeted by mandatory disclosure of NIL deals. Is that legal?

SEC commissioner Greg Sankey was pleased with the vote.

“I am very excited to learn the City of Norman has voted to support the future of Oklahoma basketball and gymnastics with the development of a new competitive arena,” Sankey said in a statement. “We have already seen the excitement around Oklahoma’s participation in the Southeastern Conference and this vote serves to magnify the commitment of the OU community to continued excellence and support of its student-athletes.”

___

AP college sports: https://apnews.com/hub/college-sports

More:Finance

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Dogs seen nibbling on human body parts at possible clandestine burial site in Mexico

After dogs were seen nibbling at human body parts, activists in western Mexico demanded Friday that

A vehicle rams into a victory celebration for Liberia’s president-elect, killing 2 and injuring 18

MONROVIA, Liberia (AP) — A speeding vehicle rammed into jubilant supporters of President-elect Josep