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Posted on 1/17/24 at 5:49 pm to ManBearSharkReb
quote:
I thought the Moody Center was owned by the city?
Joint venture.
Posted on 1/17/24 at 5:53 pm to ManBearSharkReb
Private developers used a $130 million grant by Moody Foundation to offset the $400 m price tag. They operate in conjunction with COA & UT.
Posted on 1/18/24 at 9:51 am to ManBearSharkReb
quote:
thought the Moody Center was owned by the city?
After more than four failed capital campaigns where only 10% of the money was raised, and donors gave the middle finger to the university. They had to get private funding and give up ownership of the building, and all its revenues for a decade.
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