Moody Center

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Moody Center
File:Moody Center Official Logo.png
Full name Moody Center
Address 2001 Robert Dedman Drive, Austin, TX 78712
Location Austin, Texas
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Owner University of Texas at Austin
Operator Oak View Group and University of Texas at Austin
Capacity 15,000+ (total)[1]
Construction
Broke ground December 3, 2019
Opened April 20, 2022
Construction cost $338 million (original) / $388 million (current estimate)
Architect Gensler
Tenants
Texas Longhorns
(men’s and women’s basketball) (2022—)
Website
http://www.moodycenteratx.com

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 seating capacity is 15,000+ seats, total.

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] George Strait and Willie Nelson had two shows on April 29-30, 2022.[7] Dave Matthews Band performed the opening night of their 2022 Summer Tour on May 11. [8] In June 2022, the arena held its first UFC event, hosting UFC on ESPN: Kattar vs. Emmett.[9]

References

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