Oklahoma City Developments, Real Estates and Updates

[Laramie]

     What's in an (airport) name? Will Rogers World Airport gets a rebrand

                            "OKC Will Rogers International Airport."

         

    Story link:  https://thepointsguy.com/news/airport-name-change-oklahoma/

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[Laramie]

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             Quality big league arena coming . . .

                 
                   Four square block site of the Old Myriad Convention Center confirmed site for proposed $1 billion downtown arena.

    Via OKCTalk.com - Plans have been filed to demolish the old Myriad/Cox Center/Prairie Surf Studios to make way for a new $1 billion arena.


    Last December, OKC voters approved a penny sales tax increase to fund the new home for the Thunder and other events.

         Prairie Surf Studios had been leasing the property from the city but were notified they must vacate.

         Demolition should start immediately after the new year; plans also call for the removal of the pedestrian skybridge that connects to the
         Wyndham Grand Hotel. The area to be razed is the entire block between Sheridan, Reno, Robinson, and EK Gaylord in the very heart of
         downtown.

         The city is currently interviewing architectural applicants for the new arena and conceptual renderings will soon follow.

         The target date for completion of the arena is June 2028. The fate of Paycom Center is unknown.

         Note:  Oklahoma City anticipates revealing an architect sometime in November.  The architectural firms for this project will be narrowed to
         three in October 2024.
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[Laramie]

          OKANA Resort Month 22 September 1st 2024 Drone View

                                       


          Video tour:  https://www.youtube.com/watch?v=OMd8cZ03td8

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[Laramie]

     CAA ICON of Denver to oversee Oklahoma City's new NBA arena.

                                                    Pic below is a placeholder.
                             
                                          1 Myriad Gardens (former Myriad), one block north of Paycom Center Arena.
   

    OKLAHOMA CITY — A Denver-based consulting firm on more than 65 sports and entertainment venues was hired Tuesday to oversee design and
    construction of the new Oklahoma City downtown arena.

    The City Council approved a contract for professional consulting services with CAA ICON not to exceed $18 million. Three nationally recognized
    firms interviewed for the project consultant, according to OKC Manager Craig Freeman.

    The project consultant will assist with the overall direction, management and oversight of the project, including work to be performed by the design
    architect, contractor and other consultants.

    According to its website, CAA ICON, a division of CAA Sports, is "the industry-leading owner's representative and strategic management consulting
    firm for public/private sports and entertainment facility owners and operations, professional franchises and leagues."

    Projects in its portfolio include the Intuit Dome, an 18,000-seat NBA arena that opened Aug. 15 as the new home of for Los Angeles Clippers in
    Inglewood, California. Currently the firm is consulting on a $2.1 billion multi-purpose stadium in Nashville for the Tennessee Titans. Completion is
    scheduled for 2027.

    "The construction of the arena is an extremely important four-year-long project for the city," Project Director David Todd said. "It requires more
    manpower and specific expertise in professional event facility design and construction than what the city has."

    Todd said the city has completed interviews and currently is negotiating with a firm to be the design architects for the project.

    "We hope to have that contract approved before the end of October," he said. "CAA ICON is working with us to negotiate the architect's contract and
    is helping put together a notice of qualifications for a contractor."

    Todd said the city will decide by the end of the year whether to hire a construction company to act as construction manager or to use the consultant
    in that role through the end of construction.

    This contract approved Tuesday ends Nov. 30, 2028, with the option to extend it.

    City officials have said the arena will be a first-class, state-of-the-art NBA arena and entertainment facility, which will include at least 750,000
    square feet and cost at least $900 million. It will replace the 22-year-old Paycom Center that has been the home to the Oklahoma City Thunder
    since 2008.

    The site selected for the new arena is the former Cox Convention Center (Former Myriad Convention Center) that currently is leased by Prairie Surf
    Media. Demolition is scheduled for 2025.

    Oklahoma City voters approved extending a 1-cent sales tax that was set to expire in 2028 for six more years to spend on a new downtown arena.

    At that time, the city had committed to complete the new arena no later than summer 2029 but now it is attempting to move that up to June 2028
    at the request of the Oklahoma City Thunder, Freeman said. The Thunder ownership has agreed to stay in Oklahoma City and play in the new arena
    for at least 25 years.

    OKC's new arena will include amenities that meet NBA specs and infrastructure to accommodate large concert tours and major events, according to
    Freeman.
   
    The project will require short-term financing that will be paid back as soon as the sales tax comes in, he said.

   



   

[Laramie]

     

    OKANA Resort Month 24 - November 11th Drone View

Construction update:  https://youtu.be/n17R3bFkbFo

[Laramie]

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Project cost:  $76 million

The construction of Belle Isle Enterprise High School in Oklahoma City is estimated to cost around $76 million. The funds for the project came from a $955 million bond issue that was approved by voters in 2022. The school is expected to open to students in the fall of 2026.

The new high school is intended to: Fill a gap in northern Oklahoma City, Increase graduation rates, and Continue programs into high school.

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[Laramie]

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$100 million grant awarded to Oklahoma City thru the Bipartisan Infrastructure and jobs act law (Biden-Harris Administration) according to Mayor Holt's recent July column:

    $43 million for road and bridge projects
    $43 million airport system improvement projects
      $4.3 million for multi-use trail on Eastern Avenue
      $2 million for sidewalks
      $800k for plan to prevent fatalities 

    $17 million to Oklahoma Department of Transportation for a Pedestrian Bridge over the Oklahoma
    River useful for OKC hosting Canoe Slalom events for LA28 Olympics.

    New $900 million arena on the old 4 sq., block site will be above ground.  The 950 space underground
    parking will not be use but replaced by a 650 space structured garage incorporated into the arena.
    The new arena will have a minimum of at least 750,000 sq.ft of space for concession/exhibit
    amenities.

    A potential future intercity transit hub is also being planned for the site.

    The downtown Oklahoma City area will start looking a whole lot different in the next few months:
    https://www.youtube.com/watch?v=1AoIQyJgJxI&t=4s
   

[Laramie]

Oklahoma City Council approves land donation agreement for new multipurpose stadium

The Oklahoma City Council approved a real estate donation agreement with Echo for land that will be the future site of a multipurpose stadium.

The Oklahoma City Council has allocated $71 million to the project, including $41 million from the MAPS 4 program. The Multipurpose Stadium will be designed to include a United States Soccer Federation (USSF)-approved pitch, seating for approximately 12,300 guests, locker rooms and suites. The venue is expected to drive the development of a sports-centered entertainment district downtown, a model that has proven to be successful in other major cities across the country such as Washington, D.C., Louisville, Kentucky, and Orlando, Florida.--OKCTalk.com

KOCO-TV 5 - Oklahoma City https://www.youtube.com/watch?v=yo7I0QAD3oM



The project is currently in the design phase, and construction is scheduled to begin in 2025.

The agreement comes as Echo and the group OKC For Soccer to bring a new professional soccer team to Oklahoma City. Court Jeske, the president of Echo Soccer and the club's majority owner, said the departure of the city's previous team, the Energy, has left a void in the community.


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