Not true at all.
Without these improvements the Ford Center's competitive position will begin to erode very rapidly given the size and scope of the arenas that are coming online in the area. There will be more and more venues for the same amount of events and, no doubt, Oklahoma City will have to compete harder and give away more to make up for facility shortcomings just to land the events. With these improvements, though, Oklahoma City not only retains its competitive position for these events, but improves it drastically and increases its chances for even more, bigger and better events.
The NBA is just icing on the cake as it would be a guarantee the venue would be operating for 41+ nights a year with a stable tenant that's paying rent and generating revenue. Without that, the Ford Center and the city has to be at the whim of the concert and convention industries, which are by no means consistent.
So, basically, a NO vote relegates the arena to remaining a second tier facility in an industry where tier 1 facilities are popping up all over the place. A YES vote leap frogs many arenas, making it competitive with some of the best in the industry and insures that Oklahoma City is a major player for large scale events into the future. The possible bonus is that it could help us land a major permanent tenant that, to date, we have not had. And don't think the possibility of a major tenant gets any better than it is right now for a market of our size.
The reality is that getting the NBA is not entirely in our control and if Seattle successfully drags the fight on longer, up to two and a half years longer, that is more time for more markets to work up proposals with their shiny new arenas with at least twice as many amenities as the Ford Center has now. No doubt these owners, who will be losing money during that time, will be looking for the biggest pay off to cover those losses, which almost assuredly will not be in the Oklahoma City market.
So, there really is nothing but downside to voting no and a tremendous upside to a YES vote. Of course, according to your math, I'll have to find a way to scrounge up the $45,000 in disposable income to cover my "average" family of 3's part.
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