Thunder owner Clay Bennett released a statement on the groundbreaking next step. The new OKC arena will be built next to Paycom Center over the next three years. Bennett helped move the NBA franchise to OKC. He serves as the chairman of the Professional Basketball Club, LLC.

In his State of the City address, OKC Mayor David Holt and Architect David Manica presented the first renderings of OKC's new arena, which is set to open in 2028. The construction cost is $900 million. Several photos and videos demonstrated the interior and exterior of the building.

Oklahoma City released a video showing the first renderings of the new downtown arena that will be the future home of the Thunder.