Funding, costs for Oklahoma City convention center hotel, parking still unknown
The Oklahoma City Council was advised Tuesday a new garage and a publicly subsidized conference hotel are unknown costs the city faces beyond the $250 million set to be spent on a new convention center.
The Oklahoma City Council was advised Tuesday that a new garage and a publicly subsidized conference hotel are unknown costs the city faces beyond the $250 million set to be spent on a new convention center.
A convention center hotel is something we will need. And yes, most convention center hotels do need some sort of subsidy.”
City Manager Jim Couch and Michael Carrier, president of the Oklahoma City Convention & Visitors Bureau, said they are unable to predict how much subsidy will be needed for a conference hotel that consultants have indicated is critical to opening a successful new convention center.
Consultants gathered at a 2009 Mayor's Development Roundtable months before the MAPS 3 election that year were the first to suggest a hotel of 650 to 700 rooms was needed as part of any new project. A panel convened by the Urban Land Institute the next year said the city faced a minimum subsidy of $60 million to build a hotel.
“A convention center hotel is something we will need,” Couch said Tuesday. “And yes, most convention center hotels do need some sort of subsidy.”
The convention center is the most expensive of the MAPS 3 projects and is planned to be built and opened by 2019 on the site of the former Fred Jones Ford dealership south of the Myriad Gardens.
Couch said the city has yet to acquire the property or start designs — steps needed before talks can start with possible conference hotel developers.
Couch said he is confident the Central Oklahoma Transportation and Parking Authority has the bonding capacity to build a new garage to serve the new convention center, a new Core to Shore park, and the Chesapeake Energy Arena.
Such unknowns were cited by Ward 2 Councilman Ed Shadid as he reiterated criticisms of how the city communicated costs of the convention center during the MAPS 3 campaign.
“The hotel rooms were always an integral component to the convention center,” Shadid said. “It was irresponsible and inexcusable not to talk about it (the hotel) during the MAPS 3 campaign, and it would be even more irresponsible to not talk about it now.”
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