OKLAHOMA CITY (AP) -An oversight board charged with keeping renovations of the Oklahoma City Thunder’s arena under budget now has a clearer picture of a multimillion dollar shortfall in funding for the project.
Members of the city board were told Tuesday that the final budget for the renovations will be $112 million, or about $9 million less than anticipated when voters approved a one-penny sales tax intended to upgrade the arena and lure the Thunder away from Seattle.
The sales tax actually produced about $103.6 million in funds for the renovation, but the city also can draw from an additional $8.4 million tax fund to cover part of the shortfall.
Add A Comment