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.

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.