AUSTIN (KXAN) — The UT Board of Regents has voted to approve the construction of a new basketball arena Thursday.
The Longhorns arena would replace the school’s current basketball home, the Frank Erwin Center and Cooley Pavilion. Both sit on land that is part of the Dell Medical School. The new arena will be built on a parking lot south of Mike A. Myers Stadium. The construction of the project is being led by the Oak View Group.
The new arena will be home to men’s and women’s basketball, as well as graduations, concerts and other events. According to a press release from UT, the arena will hold 10,000 people and is designed to expand to 15,000 seats.
“There are very few brands as dominant and as well-known as The University of Texas and Longhorns, and there are very few cities that are growing at the speed of Austin. This is a rare opportunity to be partners with one of the greatest academic institutions in the world, UT, and to be building a world-class arena for one of the world’s great emerging markets, Austin,” said CEO of OVG Tim Leiweke.
Academy Award-winning actor and 1993 UT Austin graduate Matthew McConaughey has been chosen to act as the “Minister of Culture” for the arena. His job is to ensure Austin and Longhorn culture is prominent at the arena for an engaging fan experience.
“It’s time to raise the bar. It’s time to excel, on the court and in the stands. It’s time for an authentic home court advantage for our Longhorn basketball teams,” McConaughey said. “It’s time for a choice experience for our fans. It’s time to be a preferred venue for headliners from across the globe. It’s time for quality, success, and victories for the Longhorns and for Austin. It’s time for the big show. It’s time. Hook ’em.”