Oklahoma City Council OKs $2 million for whitewater park start-up costs
The Oklahoma City Council on Tuesday approved a $2 million deal negotiated with the Oklahoma City Boathouse Foundation to reimburse the foundation for costs incurred in starting up operations of the MAPS 3 whitewater park, which opened two years ago.
City Manager Jim Couch told the council the city’s “desire” is that the transfer of funds be a one-time outlay. The Boathouse Foundation has an agreement to operate the $46.2 million park for the city.
About $750,000 of the $2 million total is to be drawn from MAPS 3 sales tax proceeds. The balance is to be drawn from the general fund, the primary account for day-to-day expenses.
The council also approved an updated operating agreement providing for a restructuring of Boathouse Foundation governance. The new agreement calls for addition of a city council member to the foundation board.
The park, Riversport Rapids, has competition and recreation channels that simulate whitewater rafting and kayaking. The park is an Olympic training center for athletes in those disciplines.
Riversport Rapids is a city park that opened debt-free in 2016, financed by the 1-cent MAPS 3 sales tax approved by voters in December 2009.