Oklahoma City residents have recently voted in favor of a sales tax increase to ensure the future of the NBA’s Oklahoma City Thunder franchise for the next 30 years. The vote was overwhelmingly in favor of the tax increase, with over 80% of voters approving the measure.
The tax increase will raise the city’s sales tax rate from 8.375% to 8.875%, which is expected to generate an estimated $180 million over the next 30 years. This money will be used to fund improvements to the Chesapeake Energy Arena, where the Thunder play their home games. The improvements include a new practice facility, upgraded seating, and other amenities.
The Thunder have been in Oklahoma City since 2008, when they relocated from Seattle. Since then, they have become one of the most successful franchises in the NBA, making the playoffs in all but one season and winning the Western Conference title in 2012.
The team has also become a major part of the city’s culture, with fans packing the arena for every game and local businesses benefiting from the increased traffic. The team has also been a major source of civic pride, with Oklahoma City Mayor Mick Cornett noting that “the Thunder have become a symbol of what this city can achieve.”
The tax increase is expected to help ensure that the Thunder remain in Oklahoma City for the next 30 years. It will also help fund improvements to the arena that will make it more attractive to fans and players alike.
The vote is a testament to the strong support that Oklahoma City residents have for the Thunder and their commitment to keeping the team in their city for years to come. It also shows that Oklahoma City is willing to invest in its future and make sure that its citizens have access to quality entertainment and sports teams.
