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Oak View Group outlines phased plan to renovate BOK Center and Arvest Convention Center, flags $57.9M Phase 1 gap
Summary
Oak View Group presented a four‑phase capital plan to renovate the BOK Center and Arvest Convention Center and said the venues produced an estimated $142 million in FY2025 economic impact. Phase 1 would require a roughly $57.9 million BOK Center renovation (12–14 week shutdown); TPFA is modeling bonding and hotel‑tax scenarios to close funding gaps.
Oak View Group (OVG) presented a four‑phase plan to City Council members for renovating the BOK Center and Arvest Convention Center, telling the council that the two venues generated roughly $142,000,000 in event impact for fiscal year 2025 and drove substantial local sales‑tax receipts.
Keller, the OVG presenter, said the presenters used Destinations International calculators and ticket‑buyer data to estimate the venues hosted more than 300 events in FY2025 and generated nearly $5,000,000 in direct local sales tax for the City of Tulsa. "$142,000,000 in total event impact is extremely substantial," Keller said, and he described visitor‑journey data showing attendees spend in hotels, casinos and restaurants in the four hours before and after events.
The presentation outlined a four‑phase reinvestment strategy. Phase 1 would focus on the BOK Center — seating, suites, center‑hung scoreboard and back‑of‑house…
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