Alva Review-Courier -

The Woods County commissioners unanimously approved a legal document “accepting a beneficial interest as set in the Alva Arena Authority Trust indenture, as amended, designating Woods County, Oklahoma, as a co-beneficiary of said trust.”

The city of Alva is giving up 50 percent of its stake in the Arena Authority to Woods County since the arena may not end up being on land within the city. The commissioners said, “Our acceptance of this does not create a tax burden for our taxpayers.”

Todd Holder, treasurer of the Trust Authority, said, “The benefit to the county is after the debt is paid for...