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Facts
Our deal is bad. 95% of the arena comes from taxpayers ($850M), while the owners pay 5% (50M). Voters don’t like it!
This arena tax is funded entirely by a regressive, 1% sales tax that hits working families the hardest with most of the benefit going to the owners. Each PERSON in OKC will owe approximately $1,200.
The Clippers, 76ers and Golden State Warriors are 100% privately financing their arenas. The Thunder owners are worth $25B.
Ownership groups frequently lie about their willingness to sell or move the team. All the Thunder owners are from Oklahoma and own businesses they started here.
In the NBA’s new TV deal, teams will see a huge revenue increase.
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