Field of Dreams for UFCU, University of Texas
AUSTIN, Texas -The University of Texas and University Federal Credit Union have teamed up to renovate Disch-Falk Field, the home of the six-time national champion Texas Longhorns baseball team. As part of the deal, the facility will be known as "UFCU Disch-Falk Field" on August 1, 2006 and UFCU will contribute $13.1 million over 15 years including an initial $1.5 million gift, and annual contributions beginning in the third year of the agreement. Major renovations to the 30-year-old facility include a new stadium structure, additional seats (including club seating and possible suites), a remodeled concourse complete with improved concessions, restrooms and team store, new locker rooms, training facilities and batting cages, an expanded press box and new sound system. According to UFCU President/CEO Tony Budet, UFCU's move is an extension of existing UFCU financial support of UT, which ranges from serving as official corporate sponsor of UT Athletics to providing funding for the new UT Child Care Center, the Neighborhood Longhorns program, UT libraries and scholarships. An architectural firm and construction manager should be selected by the end of the year and construction should begin after the 2006 college baseball season. "University Federal Credit Union has been a key supporter of UT Athletics for more than 10 years and this agreement will enhance the relationship we enjoy with them while allowing us to move forward immediately with plans for the renovation of our baseball facility," said UT Men's Athletics Director DeLoss Dodds.