Arena builders: start your engines, honk Horns

​​​AUSTIN – The University of Texas wants to replace the aging Frank Erwin Center with a state-of-the-art arena for sports, concerts and other events.

The university has identified its preferred location for the new arena: a parking lot south of Mike A. Myers Stadium or an area south of Darrel K Royal-Texas Memorial Stadium.

The RFP (request for proposal) issued details of what UT is looking for in a qualified developer. 

They include:

• experience building and running multipurpose basketball arenas and training facilities costing at least $350 to $450 million.
• experience working with universities.
• the ability to "contribute all or a substantial portion of the cost to develop, build and operate the new arena."
• expected to adhere to the university’s building standards.