That’s when it became clear what a dynamic, unique AD Chris is.”Del Conte over time began to see how this unique public-private agreement would work, and that he would be able to protect certain assets in the new arena.Even though Texas is getting a new on-campus arena at no cost to the university, the Longhorns still have to show revenue growth from the deal. We’ll be just fine.” The new Texas arena, to open in 2021, will not cost the university a cent following an agreement with Oak View Group, C3 Presents, Live Nation and actor Matthew McConaughey, a Texas alum.The new Texas arena, to open in 2021, will not cost the university a cent following an agreement with Oak View Group, C3 Presents, Live Nation and actor Matthew McConaughey, a Texas alum.The new Texas arena, to open in 2021, will not cost the university a cent following an agreement with Oak View Group, C3 Presents, Live Nation and actor Matthew McConaughey, a Texas alum.Spearheaded by Austin’s vibrant music scene, ArenaCo — the group of private entities — plans to make the arena one of the top music venues in the country.Spearheaded by Austin’s vibrant music scene, ArenaCo — the group of private entities — plans to make the arena one of the top music venues in the country.Spearheaded by Austin’s vibrant music scene, ArenaCo — the group of private entities — plans to make the arena one of the top music venues in the country.The on-campus facility will feature a compact 10,000-seat space for basketball and have the ability to expand to 15,000 seats for concerts and other events.The on-campus facility will feature a compact 10,000-seat space for basketball and have the ability to expand to 15,000 seats for concerts and other events.The on-campus facility will feature a compact 10,000-seat space for basketball and have the ability to expand to 15,000 seats for concerts and other events. generations of Longhorns and Texans.” Texas approved plans for a new, on-campus basketball arena last December to replace the Frank Erwin Center as the home for Texas hoops.“When the Moody Center opens, it will be the finest college basketball arena in the country, hands down, as well as an unbelievable concert and entertainment venue for the entire city of Austin,” Vice President and Director of Athletics Chris Del Conte said. “Every touring act likes to play new rooms, so you’re going to see a lot more talent running through Austin.”OVG will soon be in the market with naming rights, which are expected to go for the mid-seven figures annually. “And he just looked at me with that twinkle in his eye.”OVG’s group will have the ability to generate revenue from naming rights, founding sponsors and as many events as it can book. He knew Fenves as an innovative thinker, but this funding model seemed far-fetched, even by his standards.“I’m always inspired by big, audacious goals,” Del Conte said. He wouldn’t, however, offer any hints on how long it will take for ArenaCo to make its money back. Moody Center signals a new era for UT and Austin, providing fans and citizens “The Moody Foundation has a long history That’s saying something, given Leiweke’s track record as a sports facility developer and operator starting at AEG in the 1990s.Early in the process, though, Del Conte struggled to contain his skepticism. The Erwin Center currently seats up to 16,540 for games. The new arena will seat 10,000 for basketball games, but it can also hold up to 15,000 for concerts and events. Our entire program is tremendously grateful. On behalf of our program, I want to thank the Moody Foundation and the Moody family for their unbelievable contribution that will make this all possible. He’s been especially involved in the formation of the premium spaces.Austin-based C3 Presents and its parent company, Live Nation, are two of the most prolific concert producers in the world and their role will be to keep the building busy.
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