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New UT Basketball Arena


Pasken

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5 hours ago, Cashcar said:

Ahh yes, the lack of a new arena and new practice facility is clearly what is holding this program back.

Yea, because the basketball coach is going to be real distracted designing and building the practice arena. What is cdc thinking!

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On 2/21/2020 at 3:56 PM, Pancho said:

Getting new practice facilities too

 

Some more notes that came from the Statesman and Lara Korte .

 

-$30 million will be used for construction costs and the other $30 million will be used to outfit the building with the proper training equipment.

-Construction costs for the facility are higher than normal, Fenves added, because the building is being constructed over a truck access route to the Moody Center. This would put the practice facility on the arena's west side along the new Red River St.

-The school hopes to complete the Moody Center and practice facility as soon as possible to make room for the expansion of the nearby Dell Medical School. As a result, the school is requesting to fund the practice facility by going into debt, with the hope that it will be repaid with future donations. This could make Shaka's buyout worth it if CDC feels that Shaka is the problem. The team needs to win to get donations. 

Edited by Pasken
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Yeah, best way to get a good loan term sheet is to have service payments overtly dependent on donations on our wildly successful basketball program with inevitable leadership changes.  

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1 hour ago, Lobo said:

Yeah, best way to get a good loan term sheet is to have service payments overtly dependent on donations on our wildly successful basketball program with inevitable leadership changes.  

That's fair but I think the risk is motivated by the desire to expand the medical school and they have to demolish Erwin and Cooley to do that. 

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