Moody Center

The Moody Center is a multi-purpose arena on the campus of the University of Texas at Austin (UT) in Austin, Texas. The arena, which replaces the Frank Erwin Center, stands on a former parking lot located immediately south of UT's soccer venue, Mike A. Myers Stadium.[2] The arena seats 10,000+ for most basketball games and expands to 15,000+ seats for large basketball games and other events.

Moody Center
Full nameMoody Center
Address2001 Robert Dedman Drive, Austin, TX 78712
LocationAustin, Texas
Coordinates30°16′51.5″N 97°43′49.7″W
OwnerUniversity of Texas at Austin
OperatorOak View Group and University of Texas at Austin
Capacity10,000+ (basketball)
15,000+ (total)[1]
Construction
Broke groundDecember 3, 2019
OpenedApril 20, 2022
Construction cost$338 million (original) / $388 million (current estimate)
ArchitectGensler
Tenants
Texas Longhorns
(men’s and women’s basketball) (2022—)
Website
http://www.moodycenteratx.com

History

In 2018, it was announced that Oak View Group and UT agreed to form an innovative public-private partnership, to build a new $388 million arena. The arena will replace the Frank Erwin Center as the home for the Texas Longhorns basketball programs, and will also function as a world-class events center for the city of Austin.[3][4] The new arena is named the Moody Center following the Moody Foundation's grant of $130 million to the university. Oak View Group is funding the construction, and will manage the building in exchange for the right to keep most of the income from non-UT events, such as concerts and shows, for at least the first 35 years after opening.[5] UT, however, owns the land under the arena and will be the owner of the building. Under the terms of the agreement, the university will have exclusive control of the arena for 60 days each year to hold men's and women's basketball games, graduations, and other events.[5] Oak View Group, along with partners Live Nation and C3 Presents, will have the right to hold events on the other days.[5]

The groundbreaking ceremony took place just south of Mike A. Myers Soccer Stadium on December 3, 2019.[2] The arena held a ribbon-cutting ceremony on April 19, 2022 and opened to the public on April 20 with a two-night concert featuring John Mayer.[6]

References

  1. "Groundbreaking for Moody Center at the University of Texas Set for Dec 3". Community Impact. 14 November 2019. Retrieved 2019-12-12.
  2. "New University of Texas Arena to be Named Moody Center". Arena Digest. 2019-11-11. Retrieved 2019-11-11.
  3. Daniel, Cody (December 20, 2018). "The University of Texas, Oak View Group agree to build 'world-class' on-campus arena". Burnt Orange Nation. Retrieved February 25, 2019.
  4. Maas, Jimmy (December 20, 2018). "UT Regents Approve Arena Proposal To Replace Frank Erwin Center". KUT. Retrieved July 9, 2019.
  5. "Get it in writing: Texas gets 60 protected dates, all gameday revenue in Moody Center contract". Austin American Statesman. 2020-06-26. Retrieved 2020-08-27.
  6. Gates, Billy (2022-04-18). "Moody Center set for its grand opening, ribbon-cutting ceremony". KXAN. Archived from the original on 2022-04-26. Retrieved 2022-04-20.
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