OKLAHOMA CITY — Oklahoma City wants the Legislature to change a law to shift responsibility for the stalled American Indian Cultural Center and Museum from the state to the city.
Construction on the museum near downtown Oklahoma City stopped in 2012 when the state ran out of money for the project.
Under the law passed last year, the state would borrow $25 million to help complete the museum. The city would be required to pay 50 percent of all revenues in excess of $7 million per year to the state.
City Manager Jim Couch says the city would be taking all the risk because of the requirement. Couch said that projections by ConsultEcon Inc., which was hired by the city, indicate that there was "probably a very minimal chance" revenues would exceed $7 million per year.
City leaders want the Legislature to roll back a revenue-sharing provision and drop plans for a new authority that would oversee state-issued bonds.
The city has until March 15 to finalize a deal with the state.
The Oklahoman reports (http://bit.ly/1PAFEUo ) the Chickasaw Nation has offered millions of dollars to help the city complete and open the museum. The Chickasaw Nation's offer also includes up to $2 million per year for the first seven years that the center is open to cover and deficits.
Oklahoma City is negotiating a partnership with the Chickasaw Nation, and the City Council approved a resolution Tuesday expressing its intent to work with the tribe.
Information from: The Oklahoman, http://www.newsok.com