AUSTIN (KXAN) — The University of Texas has announced its preferred location for the arena to replace the Frank Erwin Center.
The surface parking lot south of the Mike A. Myers track and soccer stadium is the university’s top choice, a UT spokesperson confirmed Thursday.
A final decision has not been made. The university is also planning to enclose the south end of the Royal-Texas Memorial Stadium, creating a closed bowl.
UT announced in September 2014 they were looking to replace the center. At the time, then-UT Athletic Director Steve Patterson estimated the new arena was six to 10 years away and that it would cost around $500 million. Patterson resigned in September 2015.
The Frank Erwin Center, opened in 1977 at a cost of $34 million, hosts concerts, UT basketball games and a number of other events throughout the year.
The center was renovated between 2001 and 2003 at a cost of $55 million. The first concert at the center was Lawrence Welk on March 12, 1978.