quote:
The days of new arenas with large capacities are over (at least for the foreseeable future). The last two new SEC basketball stadiums (Auburn and Ole Miss) hold less than 10,000 people

I would agree with you if it were to be an LSU sports only facility, and personally, I wish they would do that. But it doesn't make a lot of sense in a city the size of BR which is ripe for a modern (suites, amenities) ~15K arena which will attract non-sport events and hopefully a revenue generating hotel/mixed use development.

Also consider Auburn, AL and Oxford MS have a combined population of under a 100K.

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Posted by GeorgeReymond

Buckhead

Member since Jan 2013

10167 posts

Posted on 2/26/24 at 4:32 pm to Basura Blanco

Exactly. LSU and its partners want assurance that they won't be completing against a newly built city-owned facility.

LSU's new complex will be used for concerts, shows, and other non-sporting events. I imagine you can expect an agreement similar to Texas and Oak View.

Oak View Group

quote:
In 2018, it was announced that Oak View Group and UT agreed to form a public-private partnership, to build a new $375 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. 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. 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. Oak View Group, along with partners Live Nation and C3 Presents, will have the right to hold events on the other days.

This post was edited on 2/26/24 at 4:34 pm

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