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I've never been to their current facility, but found this interesting:
http://www.statesman.com/news/sports/bohls-major-mistakes-by-texas/nWFC7/
http://www.statesman.com/news/sports/bohls-major-mistakes-by-texas/nWFC7/
3. Texas is exploring the idea of looking “down the road” for an alternative site for a new basketball arena if the location of the Erwin Center and perhaps the Penick-Allison Tennis Center are needed for the university’s new medical school. Texas is even considering a joint-use facility with the city of Austin, and men’s athletic director DeLoss Dodds said the school is checking out new arenas at Louisville and Nebraska and in New York. “I think it’s likely” that a replacement arena will be needed, Dodds told me. “No decision has been made, no timetable set.”