Oklahoma City Council to Discuss Future of Paycom Center Site
Oklahoma City, OK — The future of the Paycom Center site is poised for clarification following a pivotal Oklahoma City Council meeting on Tuesday. Key items on the agenda relate to a nearly billion-dollar arena set to replace the old Myriad/Cox Convention Center, which is currently undergoing demolition.
A significant proposal under consideration is a preferential rights agreement that would allow the Oklahoma City Thunder the opportunity to purchase the Paycom Center property for redevelopment after the new arena opens. The Thunder would have a five-year window to execute the purchase once the new facility is operational.
City officials confirmed that, aside from standard planning and zoning regulations, there would be no constraints on how the Thunder could choose to redevelop the property post-acquisition. However, representatives from the Thunder remained reticent about their plans, citing the ongoing City Council vote as the reason for their silence.
Construction on the new arena is anticipated to commence in 2026, with an official opening expected in 2028. This significant development will not only reshape the local sports landscape but also potentially transform the surrounding area and bolster Oklahoma City’s appeal as a destination for major events.
As discussions progress, stakeholders are eager to see how the Thunder’s potential acquisition could augment the city’s growth and enhance community engagement surrounding the new arena.
The outcome of the City Council’s meeting could pave the way for exciting opportunities for both the Thunder and Oklahoma City, marking a new chapter in the city’s storied athletic and cultural history.
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