NORMAN – The University of Oklahoma has agreed in principle to serve as the anchor tenant for a 10,000-seat basketball arena that is part of a new entertainment and mixed-use development in north Norman.
The Norman City Council still must approve the plan that includes making the University Park North plan a Tax Increment Financing district. But if the Council approves the plan, OU has agreed to take its home basketball games off campus.
“We've come to the conclusion this might be a very special opportunity to be a part of a little bit of renaissance with this particular part of Norman,” OU athletic director Joe Castiglione said Wednesday.