Opposition to OU new basketball arena

2,912 Views | 8 Replies | Last: 5 yr ago by Edmond Bear
Ashley Hodge
How long do you want to ignore this user?
Staff
https://kfor.com/2018/07/06/growing-opposition-against-proposed-basketball-arena-in-norman/
NoBSU
How long do you want to ignore this user?
The problem with a TIF is usually who has control of the money.

I skimmed it, so I might have missed something. It is an undeveloped area? So the TIF makes development possible and the funds generated are because of the development? Is this not a win-win or at some point is somebody getting a windfall when the arena cost and infrastructure is repaid?
BaylorOkie
How long do you want to ignore this user?
OU professor argues that the revenue generated won't be new, but rather existing revenue that will be shifted from other areas of Norman.
whitetrash
How long do you want to ignore this user?
The proposed arena would be further from OU campus than Floyd Casey Stadium was from BU campus, but not quite as far as HOT Coliseum is from BU.

The OU arena would be fronting I-35; a more accurate comparison distance-wise would be if BU decided to replace Ferrell with a new arena built along I-35 in the open tract between the Harley-Davidson dealership and Best Buy, past New Road but before Hwy 6.
xiledinok
How long do you want to ignore this user?
I think it would create new money because everything in Norman proper looks like it is 40 plus years old.
The arena would be built in the richest area of that county. It is a good idea. I doubt the "no" people can even put up a good fight or raise money against it.

Nobsu, the developers will get rich off the public. It is a big corporate welfare gift but that's how it works in Oklahoma.
RegentCoverup
How long do you want to ignore this user?
OU is in a bad spot. Boren loaded them up with non revenue assets, debt and then had a stroke.

They aren't facing the music and they new president is billed as a 'turnaround' guy, even though no one will admit they need the 'turnaround.' This is how governments screw people. Boren spent to stay in power. Now someone else gets to foot the bill.

And OU brought in a whopping $17 million in donations last year. UT Artlington has done better.
What's compounding that is you have a state where native american tribes are being given good sized chunks of land and casino licenses. Those casinos essentially build revenue by taxing the poor, who in turn forego investing in their own communities.

The simple solution is to ask the casinos for a loan, but the casinos are smarter than that

That they need a loan at all, is the entire problem.
This site leaks private information to Baylor Regents and Administration
whitetrash
How long do you want to ignore this user?
TellMeYouLoveMe said:

OU is in a bad spot. Boren loaded them up with non revenue assets, debt and then had a stroke.

They aren't facing the music and they new president is billed as a 'turnaround' guy, even though no one will admit they need the 'turnaround.' This is how governments screw people. Boren spent to stay in power. Now someone else gets to foot the bill.

And OU brought in a whopping $17 million in donations last year. UT Artlington has done better.
What's compounding that is you have a state where native american tribes are being given good sized chunks of land and casino licenses. Those casinos essentially build revenue by taxing the poor, who in turn forego investing in their own communities.

The simple solution is to ask the casinos for a loan, but the casinos are smarter than that

That they need a loan at all, is the entire problem.


Maybe they could sell the naming rights to the arena to the Five Civilized Tribes. That's what U of Minnesota did with their new football stadium: TCF Bank has the name on the stadium but the plaza outside the open end is the Seven Nations Plaza (funded w casino $$$ from the largest tribes in the state).
NoBSU
How long do you want to ignore this user?
whitetrash said:

TellMeYouLoveMe said:

OU is in a bad spot. Boren loaded them up with non revenue assets, debt and then had a stroke.

They aren't facing the music and they new president is billed as a 'turnaround' guy, even though no one will admit they need the 'turnaround.' This is how governments screw people. Boren spent to stay in power. Now someone else gets to foot the bill.

And OU brought in a whopping $17 million in donations last year. UT Artlington has done better.
What's compounding that is you have a state where native american tribes are being given good sized chunks of land and casino licenses. Those casinos essentially build revenue by taxing the poor, who in turn forego investing in their own communities.

The simple solution is to ask the casinos for a loan, but the casinos are smarter than that

That they need a loan at all, is the entire problem.


Maybe they could sell the naming rights to the arena to the Five Civilized Tribes. That's what U of Minnesota did with their new football stadium: TCF Bank has the name on the stadium but the plaza outside the open end is the Seven Nations Plaza (funded w casino $$$ from the largest tribes in the state).
Oklahoma used to have the strangest law where utility money when to certain school districts. So a district like Claremore received so much funding that they purchase new bus fleets each year. Always seemed to have a building project underway. Other nearby districts didn't receive anything. So the districts with all the funding would sell one-year old buses to the poor districts for a few bucks. That was a couple of decades ago. Not sure a greedy state legislature didn't change the law and grab that money for themselves.
xiledinok
How long do you want to ignore this user?
One tribe particular already does sponsor athletics for those schools. The tribal money goes further than the state tax money because they actually invest it and put it back in their nation at the same time. They are a big gaming company that has a bunch of small businesses. The tribe has enough money to pay for 10k square feet of sod and numerous trees for any tribal member purchasing a home in their nation. They have their own growing and landscaping operation to support the free landscaping. This particular tribe is north of the Red River and south of Norman. They won't flip the bill.
In fact, no tribe is going to bail out Oklahoma Sooner nation on the $ end and the legislature is one of the most poorly led group of elected leaders in the country. The tribes actually have turned themselves around over the past 30 years. However, there are a few tribes that cannot rub two pennies together.
The governor is a lame duck and is one of the sorriest politicians in the country. She has almost completed trying to turn the state into an oil and gas version of coal mining West Virginia.
Norman looks and feels old.
Edmond Bear
How long do you want to ignore this user?
xiledinok said:

One tribe particular already does sponsor athletics for those schools. The tribal money goes further than the state tax money because they actually invest it and put it back in their nation at the same time. They are a big gaming company that has a bunch of small businesses. The tribe has enough money to pay for 10k square feet of sod and numerous trees for any tribal member purchasing a home in their nation. They have their own growing and landscaping operation to support the free landscaping. This particular tribe is north of the Red River and south of Norman. They won't flip the bill.
In fact, no tribe is going to bail out Oklahoma Sooner nation on the $ end and the legislature is one of the most poorly led group of elected leaders in the country. The tribes actually have turned themselves around over the past 30 years. However, there are a few tribes that cannot rub two pennies together.
The governor is a lame duck and is one of the sorriest politicians in the country. She has almost completed trying to turn the state into an oil and gas version of coal mining West Virginia.
Norman looks and feels old.


I live in Oklahoma and agree with all of this.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.