Live Nation, Oak View Group, C3 Presents Team With Matthew McConaughey For New University of Texas At Austin Arena

A View of New Austin Arena

The UNIVERSITY OF TEXAS AT AUSTIN and a group led by the OAK VIEW GROUP will build a world-class arena on campus that will be home to TEXAS men’s and women’s basketball games, graduations, concerts and other events. It is expected to be opened in 2021.

The innovative 35-year agreement between UT and ARENACO — which includes OVG, LIVE NATION, C3 PRESENTS and MATTHEW McCONAUGHEY — will partner to build the $338 million venue on land fully owned by the university without using any university or public funding. 

The arena will replace the 41-year-old FRANK C. ERWIN CENTER, which will make way for the future expansion of the DELL MEDICAL SCHOOL. 

The 10,000-seat arena will provide an intimate, state-of-the-art men’s and women’s LONGHORN basketball fan experience and feature student seating surrounding the court. The new venue will be a prime location for university, campus, community and high school events. Additionally, the new arena is designed to expand to 15,000 seats and will provide a world-class venue for touring concerts and shows.

Commented OVG CEO TIM LEIWEKE, “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. We are grateful to President FENVES and VP?Athletics Director DEL CONTE and look forward to creating one of the best arenas in all of the world."

C3 PRESENTS and LIVE NATION will bring first-class entertainment to the arena.

Added C3 PRESENTS partner CHARLES ATTAL, “C3’s headquarters are in AUSTIN. We work here, raise our families here, and as a native, it is a dream opportunity to have this agreement with UT and work with world-class partners to bring this project to life. We are incredibly excited for the level of experiences and entertainment that this incomparable arena will bring to our great city.” 

AUSTIN-based OSCAR winner McCONAUGHEY will act as the “Minister of Culture” at the venue, ensuring that LONGHORN and AUSTIN cultures are front and center and helping create a fan experience unlike any other.

Said McCONAUGHEY, a 1993 UT alum, “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. 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."

Today, the UT SYSTEM BOARD OF REGENTS authorized UT AUSTIN to complete negotiations and enter into agreement with OVG and its partners. 

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