Thursday, December 17, 2009, 1:20pm CST
UT partners with city in sports initiative
Austin Business Journal
Austin city council members approved an agreement with the University of Texas today that authorizes the use of state funds to attract major sporting events to the city.
Under the agreement, the Austin Sports Commission, a nonprofit under the Austin Convention and Visitors Bureau, will coordinate with entities such as the University of Texas to use state funds to draw major sports events.
UT has agreed to take steps to compete and bring national sporting events to Austin.
The funds will come from the Sporting Events Trust Fund, a program established by the state in 2007 to assist local government entities in attracting major sporting events to increase tourism and generate economic activity.
http://austin.bizjournals.com/austin...l?surround=lfn