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Texas close to securing deal to land new basketball arena at no cost to school

The public-private partnership envisioned by athletics director Chris Del Conte to secure a new basketball arena to replace the Erwin Center is now close to completion, with no cost to the taxpayers of Austin or the school.

As reported by Brian Davis of the Austin American-Statesman, the UT System Board of Regents is set to meet on Thursday to discuss a $300 million on-campus basketball facility, which will occupy 6.64 acres of land located south of Mike A. Myers Stadium between Red River Street and Robert Dedman Drive.

The planned location is currently a parking lot adjacent to Darrell K Royal-Texas Memorial Stadium.