'Innovative' Deal: Texas to Get Use of $300M Arena

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The University of Texas may soon get use of a $300 million arena with little if any financial input from boosters or taxpayers.

"This is an innovative deal that will be good for the city and the university," UT President Gregory L. Fenves told the Austin American-Statesman. "UT is a strategic partner with our community, and I’m looking forward to discussing the details, subject to the regents’ approval, later this week."

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