Article talks plans being made for a NEW ARENA at UT. Looks they will join with the city and the new arena .... I am sure 500 Million is a bit overstated. In the article it says Oregon was the first school to spend 200 million for a new arena ...no timetable.
"The reality is that Austin has had a free arena for 3 1/2 decades at no investment whatsoever," Patterson said last fall in an event hosted by Texas Monthly. "You look at the growth projections five years out, to be a top 25 market in this country and not to have an invested a nickel in an arena is a heck of a position for the city of Austin to be in.
"So perhaps we ought to be looking at all the constituent groups and how they contribute or invest in a facility going forward," Patterson added.
As ever, it's Patterson heartily advocating for what he believes are the university's best interests, just as he has done in what many consider to be rather tone-deaf ways when addressing the issue of paying athletes.
One of the reasons why Patterson wants city funding? The new venue will likely be extremely expensive to construct, with a price tag as high as $500 million, according to the athletic department head man, though he could be overestimating the cost to help secure funding.
This post was edited on 3/29 8:25 PM by BAMAPG
"The reality is that Austin has had a free arena for 3 1/2 decades at no investment whatsoever," Patterson said last fall in an event hosted by Texas Monthly. "You look at the growth projections five years out, to be a top 25 market in this country and not to have an invested a nickel in an arena is a heck of a position for the city of Austin to be in.
"So perhaps we ought to be looking at all the constituent groups and how they contribute or invest in a facility going forward," Patterson added.
As ever, it's Patterson heartily advocating for what he believes are the university's best interests, just as he has done in what many consider to be rather tone-deaf ways when addressing the issue of paying athletes.
One of the reasons why Patterson wants city funding? The new venue will likely be extremely expensive to construct, with a price tag as high as $500 million, according to the athletic department head man, though he could be overestimating the cost to help secure funding.
This post was edited on 3/29 8:25 PM by BAMAPG
