AUSTIN, TX — The University of Texas at Austin, Oak View Group (OVG), and Live Nation Entertainment recently announced the official groundbreaking on the Moody Center, a new, privately financed sports and entertainment arena in Austin.
The $338 million, 15,000-seat arena replaces the 42-year-old Frank C. Erwin Jr. Center at The University of Texas’s Austin campus. “The University of Texas is one of the most important and largest universities in the world. Our partnership with President Fenves, Athletic Director Del Conte and the entire university is a new vision and a new standard on a private-public partnership that will create a world-class venue for the Longhorns and for Austin,” said Tim Leiweke, CEO of OVG. “This partnership has brought together one of the most recognized universities and brands, the Longhorns, with the world’s leader in content, Live Nation, and the world’s largest developer of new arenas, OVG, with Matthew McConaughey. Those partners will create one of the greatest arenas in the world and become the heart and soul for the campus and Austin.”
Live Nation Entertainment will work with C3 Presents to bring top tours and live events to the Moody Center. “The Moody Center will be a must-play arena, and we look forward to bringing our concerts and tours there as soon as the doors open in 2022,” said Michael Rapino, CEO and President, Live Nation Entertainment.