Norman — The University of Oklahoma is highly interested in moving basketball games to a proposed new arena near Interstate 35. The new 0,000-seat arena would be a part of a new entertainment district. Athletic Director Joe Castiglione believes it could draw larger crowds to games.
The proposed arena would be built on land owned by the OU Foundation on the east side of I-35 between Tecumseh Road and Rock Creek Road.
According to Castiglione, preliminary plans for the development call for an entertainment district that could include bars, restaurants and other entertainment.
A beverage license could also be obtained by the arena operator which would allow alcohol sales during basketball games with the venue located off campus and the university would just be a tenant.
Oklahoma’s current basketball arena, the Lloyd Noble Center, would still be used for a variety of university events and could also host high school state championship games. The venue opened in the fall of 1975.
An economic impact study projects the development could generate more that $15 million a year in new tax revenue for Norman and Cleveland County.