AUSTIN, Texas — The University of Texas at Austin is making the first step toward the construction of a new on-campus basketball arena by soliciting interest from potential qualified developers to build and operate a new arena and basketball training facility, with minimal financial outlay from the university.
The anticipated public-private partnership between UT and an outside entity would be groundbreaking in college athletics and enable the university to build a state-of-the-art basketball venue that can also host concerts and other events.
“We have a unique opportunity to develop a world-class arena and training center for the men’s and women’s basketball teams that will help us recruit and support elite student-athletes, improve the fan experience and host games just a short walk away for our student fans,” said UT Austin President Gregory L. Fenves. “Just as important, we are looking to do this at little cost to the university and no financial cost to the community.”
Read more at news.utexas.edu