Oklahoma City will soon have a professional basketball arena rather than an arena in which professional basketball can be played.

Afterward, Holt revealed a ballpark estimate of the new arena's capacity. He said it will likely be in the 17,000 range, a downgrade from Paycom Center's 18,203 number. The arena will be larger, though, by around 200,000 square feet.

Oklahoma City’s mayor on Wednesday gave the public a first look at the future Oklahoma City Thunder arena. Speaking to an estimated 1,500 people at the city’s convention center, Oklahoma City Mayor David Holt unveiled artist renderings of the slightly under $1 billion project,