History
A campaign promise by former Tulsa mayor Bill LaFortune to hold a municipal planning conference was fulfilled within months of taking office in 2002. Although tax packages for arenas were rejected by voters in 1997 and 2000, a third plan for a downtown arena was the brainchild of the conference, along with dozens of other projects throughout Tulsa County, including a renovation of the nearby Tulsa Convention Center costing $42 million. Vision 2025, a tax initiative increasing sales taxes by six-tenths of a cent over 13 years, was approved by voters in September 2003. Pelli's design was released in September 2004 and construction began in August 2005.
Tulsa Vision Builders, a joint project of Tulsa-based Flintco and Manhattan Construction, was chosen to build the arena. Its original budget was deemed $141 million, but increases in the cost of structural steel, concrete, and labor due to Hurricane Katrina and a robust local economy pushed the cost to $178 million in 2006. An additional $18 million in private funding was used in miscellaneous upgrades, bringing the total cost of the arena to $196 million.
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—Richard M. Nixon (b. 1913)