Now we know why so many cities are envious of the OKC MAPS way of financing (Pay as you go). If our city were to build a stadium, it would be on a pay-as-you go (collect sales taxes) system.
What would this produce? 'A debt-free facility.'
1. Bricktown Ballpark was built thru MAPS I
2. Civic Center Music Hall was renovated thru MAPS I
3. Chesapeake Energy Arena was built thru MAPS I; upgraded to NBA standards thru MAPS for HOOPS.
4. Oklahoma City Schools: Built a number of new schools while renovation of all OCPS schools thru MAPS for KIDS.
5. Taft & Speegle Stadium were reconstructed thru leftover funds from a Bond issue & MAPS for KIDS.
6. Oklahoma City Zoo has enjoyed $12.5 million annual funds from a 'permanent' sales tax to build a number of new exhibits.
7. MAPS III: In progress...
Major League Soccer (MLS) may be a more viable option for Oklahoma City than most cities; it wouldn't be as costly as 'breast feeding' an NFL 'vampire' franchise, that would 'nibble' (a pun intended) at your city and corporate resources.
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