We’ve found one place that won’t lose power during the next big ice storm!
Earlier this week, the City officially announced that OG&E – the public utility that recently implemented a nearly $1-billion, 28-year rate increase as part of what Corporation Commissioner Bob Anthony called the “the worst special-interest and insider rip-off of Oklahoma ratepayers I’ve seen in the last 30 years” – has secured naming rights for the new horse show arena that’s under construction at the State Fairgrounds.
It will officially be called the OG&E Coliseum – where the brightest lights are fueled by your skyrocketing utility bills!
Here are details via KFOR:
On Wednesday, the OKC Fairgrounds new arena’s name was revealed: The OG&E Coliseum…
The $126 million facility was the first MAPS 4 project to get under construction, according to Teresa Rose, the MAPS 4 Citizens Advisory Board Chair. The project is funded through MAPS 3, MAPS 4, hotel tax revenue and other funding sources.
A spokesperson for the OKC Fairgrounds would not reveal how much OG&E paid for the naming rights, writing KFOR in an email “Sorry but the terms of the agreement are not being disclosed.”
I have to say, that's a wise move by OG&E.