OU President Hails $1.2 Billion Norman Entertainment District As ‘Landmark’ Opportunity

Sep 19, 2024 at 9:17 PM

Norman's Ambitious $1.2 Billion Entertainment District: A Transformative Vision for the City and University

The Norman City Council has approved a groundbreaking $1.2 billion entertainment district, a project that University of Oklahoma President Joe Harroz hails as a "huge opportunity" for both the city and the university. This landmark decision, made after eight hours of intense debate, sets the stage for a transformative era in Norman's future.

Unlocking the Potential of Norman and the University of Oklahoma

A Catalyst for Growth and Development

The Rock Creek District, officially proposed in September 2023, is poised to bring a significant influx of development to the area. This ambitious project includes the construction of 3,000 new housing units, the creation of 5,000 new jobs, and the addition of a brand-new OU basketball arena. The plan also involves the establishment of two strategic tax increment finance (TIF) districts: a sales tax set to take effect on May 1, 2025, and a property tax starting on December 31, 2026.These TIF districts, however, have sparked some controversy among Norman residents, who have expressed concerns about the long-term impact on the community. Harroz, however, remains steadfast in his belief that such bold initiatives are essential for the city's and university's growth.

Investing in the Future

Harroz emphasized the importance of investing in the city and the university, stating that those who "lean into and invest in themselves" are the ones who will thrive in the current environment. He believes that the $1.2 billion entertainment district is a testament to Norman's and OU's commitment to growth and progress."Those that lean into and invest in themselves, that do things like this $1.2 billion arena, they're the ones that are growing, while others are shrinking and contracting," Harroz said, underscoring the transformative potential of this project.

A Landmark Decision

Harroz described the city council's approval as a "landmark vote" that will shape the future of Norman and OU. He sees this as a pivotal moment, where the community has chosen to embrace growth and development rather than stagnation."It was the answer to the question — are you going to grow, or are you going to shrink? There's no standing still in this environment," Harroz said, emphasizing the urgency and importance of this decision.

Preparing for the SEC Opener

The announcement of the entertainment district comes as OU prepares for its SEC opener against the University of Tennessee. Harroz is encouraging Sooner fans to "bring their A-game" to the game, further underscoring the university's commitment to excellence and its role in the community.The approval of the $1.2 billion entertainment district marks a pivotal moment in the history of Norman and the University of Oklahoma. This ambitious project promises to transform the city's landscape, create thousands of new jobs, and solidify OU's position as a leading institution in the region. As the community navigates this exciting new chapter, the future of Norman and its university has never been brighter.