Take a Look Into Matthew McConaughey's New $338M UT Basketball Arena

Here are all the details you need to know about the new $338 million University of Texas Basketball Arena recently promoted by the famous American actor and producer Matthew McConaughey.

Top universities in the United States carry a reputation for owning some of the biggest and most expensive stadiums for basketball and American football. The prestige of studying at such top-ranked American colleges comes only through hard work and strong academic performance. MIT, Harvard, Princeton, Yale, Stanford, all are to competitive to get in, but once you get offered a place in one of these schools, then you get the opportunity to experience a whole new level of living standard, along with lucrative careers in the future.

University of Texas recently officially inaugurated its brand new $338 million Moody Center, a basketball stadium.
Source: FOX 7 Austin

One of the most prestigious universities in the United States, University of Texas, recently officially inaugurated its brand new $338 million Moody Center, a basketball stadium.

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The construction of the project appointed the famous American actor and producer Matthew McConaughey as their Minister of Culture. Matthew, who is married to Camila Alves, during the time of the construction of the Moody Center, even tweeted a picture of a rough sketch of the stadium. 

Matthew McConaughey tweeted a picture of a rough sketch of the stadium.
Source: Matthew McConaughey Twitter

The stadium, which will host UT basketball games, graduations, concerts, and other events. During the inauguration ceremony, hundreds of people gathered at the stadium.

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The Moody Center is set to replace the 42-year-old Frank Erwin Center at the University. The Moody Foundation donated an amount of $130 million to help build the arena. The stadium can be expanded to 15,000 seats and will also act as a venue for community events, touring concerts and shows. The construction of the stadium will make way for the future expansion of the University's Dell Medical School.

University of Texas appointed Matthew McConaughey as their Minister of Culture.
Source: News Break

Matthew McConaughey, who possesses an estimated net worth of $95 million, gave his thoughts on the new arena. 'For Austin, this needs to be the very first place any big band in the world wants to come play,' the actor mentioned.

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