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Texas’ new basketball arena to be named Moody Center

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The announcement of the arena’s name came in honor of a $130 million grant from the Moody Foundation.

In honor of a $130 million grant from the Moody Foundation, the University of Texas will name the planned state-of-the-art basketball and events arena the Moody Center, the school announced on Saturday.

“The Moody Center signals a new era for UT and Austin, providing fans and citizens the world-class experience they deserve in the world-class city we call home,” said Ross Moody, trustee of the Moody Foundation and chairman and CEO of National Western Life Group, per a release from the school. “The Moody Foundation has a long history with this prestigious university and this wonderful community. We couldn’t be happier to partner with UT in this transformative gift to benefit future generations of Longhorns and Texans.”

“This incredible gift by the Moody family and the Moody Foundation is an absolute game-changer,” added Texas head basketball coach Shaka Smart. “It will positively impact our players, students and fans for decades to come. Our entire program is tremendously grateful. We are very much looking forward to seeing the Moody Center become a reality over the next few years.”

The $130 million grant now serves as the largest gift ever to the University of Texas Athletics Department.

A groundbreaking ceremony for the Moody Center is currently scheduled for Dec. 3 at the planned site south of Mike A. Myers Stadium. The 10,000-seat Moody Center, which will be designed to expand to 15,000 seats, is expected to open in 2022.

“When the Moody Center opens, it will be the finest college basketball arena in the country, hands down, as well as an unbelievable concert and entertainment venue for the entire city of Austin,” Vice President and Director of Athletics Chris Del Conte said. “We cannot thank the Moody family and the Moody Foundation enough for their historic gift to The University of Texas.”