UPDATE: The city of Yukon, Oklahoma, has officially cancelled the proposed multi-million dollar amphitheater project, Mayor Brian Pillmore announced during a city council meeting on October 3, 2023. This controversial plan, known as the Sunset Amphitheater, was set to feature a 12,500-capacity venue and was projected to generate billions in economic impact over the next decade.
The mayor’s decision comes after careful evaluation of an economic feasibility study commissioned by the city, costing $60,000. Pillmore stated that discussions with local stakeholders and the study’s findings prompted the city to halt the project. “We’re not supporting moving forward with this project,” Pillmore reiterated in an interview with News 4.
The study revealed a concerning forecast: over 30 years, Yukon could face a loss of more than $91 million in expected sales tax revenue due to a tax-sharing agreement with Oklahoma City and the Venu Group. While the city would have received approximately $30 million, the financial outlook was deemed insufficient.
“Although the study showed some return for Yukon, it wasn’t significant enough for us to proceed,” Pillmore explained. The Venu Group was set to acquire 25 acres of land for less than $500,000 and share ticket fees with the city. However, the city would also need to construct 4,000 parking spots and cover a substantial portion of the $98 million construction bill.
Despite the project’s cancellation, Pillmore emphasized that Yukon remains open to development. “Yukon is open for business, but we have to find the right return on investment and the right fit for our community,” he stated.
As the city moves forward, Pillmore reassured residents that the cancellation does not reflect a reluctance to support new projects. “We have a council that listens to them, hears their concerns, and evaluates what’s best for the city in the long term,” he remarked.
The Venu Group has yet to respond to requests for comment regarding the project’s cancellation, but Pillmore indicated that communication with them throughout the planning process has been collaborative.
Residents and local businesses will be watching closely for the city’s next steps regarding the future use of the land initially designated for the amphitheater. With the project now officially closed, the community looks to explore new opportunities that align with Yukon’s growth and financial health.
This urgent update on Yukon’s decision highlights the city’s commitment to prudent economic planning while remaining receptive to future development that benefits the entire community.
