Texas A&M board considering $205M athletic facilities renovation plan

The Texas A&M System's Board of Regents during a meeting today will consider a $205M plan to "renovate athletics facilities on the A&M campus," according to Alex Miller of the Bryan-College Station EAGLE. The proposal includes allocating $125M toward "redeveloping the Bright Football Complex and constructing a new indoor football practice facility," with $25M to "add 31 suites to the south end zone of Kyle Field." Another $55M will go toward "building a new indoor track facility adjacent to E.B. Cushing Stadium," which would "replace the McFerrin Athletic Center, which opened in 2007, and the Gilliam Indoor Track Stadium, which opened in 2009." Relocating the new indoor track facility adjacent to E.B. Cushing Stadium would "consolidate A&M’s indoor and outdoor track programs into a single destination on the university’s west campus." Plans also call for "construction of a new academic support center for student athletes." A&M is starting a "fundraising effort for this project" and plans to "enter into an agreement with the 12th Man Foundation to pay debt service." A new contract for A&M AD Ross Bjork also "will be considered" at today’s meeting (Bryan-College Station EAGLE, 11/18).

SBJ Spotlight: TikTok’s threat to traditional sports media

While tech companies are consumed with finding ways to compete with TikTok, almost no one in conventional media “spends any time talking about it,” said Recode senior correspondent Peter Kafka in an Spotlight interview with SBJ’s John Ourand. “To me, that’s just an obvious disconnect.” Kafka authored a recent column headlined, “It’s TikTok’s world. Can TV live in it?” He said the main response to TikTok’s growth from traditional media execs has been to “punt and hope it’s someone else’s problem a quarter from now or two years from now.” But Kafka said that ignores the trend of conventional broadcast audiences growing older while a billion younger consumers spend most of their media time watching short video after short video. “If you’re in the business of getting anyone under the age of 30 to look at what you’re putting on a screen, you have to think about the fact that you’re probably asking them to put down TikTok and watch your thing instead,” said Kafka. “That’s a very difficult ask. … [TikTok] is insanely addictive.”

SBJ Morning Buzzcast: June 29, 2022

BioSteel makes a major move with the NHL, while the USFL looks for additional investors.

SBJ Unpacks: Thaddeus Young, NBA forward and venture capitalist

SBJ's Austin Karp posted up with NBA power forward Thaddeus Young. The 15-year veteran discussed his venture capital strategy, his investment in technology and much more.

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