Stadium Developer CEO Charged with Bid-Rigging Over New Texas Arena
Timothy Leiweke told a rival that it would receive contracts to operate concessions and sell premium seats if it didn't compete against his company to build the new venue, according to the indictment. He was charged with conspiracy to eliminate competition by rigging the bid to build the Moody Center in Austin, a 15,000-seat venue on the University of Texas campus that opened in 2022 and hosts the Longhorns' men's and women's basketball teams.
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