Oklahoma City Mayor David Holt and architect David Manica unveiled conceptual designs for the city's new $1 billion NBA arena, which was approved by voters in December of 2023 and will open in 2028. The unveiling was part of Holt's annual State of the City address.

The NBA champion is set to move to a new downtown OKC arena in 2028. That means only three more seasons will be played at Paycom Center. The $900 million construction cost guarantees the Thunder will stay in OKC through 2053 once it signs a new long-term lease.

The Oklahoma City Thunder and Oklahoma City officials unveiled renderings of the new arena at Mayor David Holt's State of the City address Wednesday.