Earlier this year, plans were announced that included a new Oklahoma basketball arena that would serve as a centerpiece for a proposed new mixed-use entertainment district in the northern portion of University North Park in Norman.
The OU Foundation, which is behind the University North Park development proposal that included a 10,000-seat arena, an expo center, single- and multi-family housing, office space and a park was seeking assistance from the city of Norman to finance some of the development through a tax increment financing plan, but the Norman City Council voted down the TIF request.
Without the TIF, the proposed development appears to be stalled indefinitely, if not permanently.