unpopular answer......Texas already has a "PE deal" with The Moody Center
no matter how anyone terms that deal it is a PE deal.....Texas got a facility built (it was stated it was for free, but the Moody Foundation gave a lot of money) and it was a private entity that built it, it is a private entity that manages it, it is a private entity that takes a share of the profits and then shares some with UT (though they do not take that share from the UT sporting events) and in the end they paid up front money to build the facility, take a portion of the profits for a number of years, and then the deal ends
worse yet as I have stated in the past Texas used to manage 100% of The Drum (and get the profits), but now they do not have to do that......but somehow I doubt a single person that was on staff (or at least a single position) that was responsible for managing that venue was let go, assigned to the new managing company for Moody, or placed into a different position that was actually a needed job......they are probably just the same people pushing around paperwork that looks a bit different because it is on corporate letterhead and not UT letterhead and they just "read and approve it for UT)
with the Utah deal there are out clauses and there is an end point to the deal where Utah gets all of their "stuff' back........I was surprised that it was a shorter period of time than I thought......there is also the odd "see shares to large donors" aspect to it that I find stupid......either large donors are looking for a tax break on a most likely failed investment that gives no return and might go to zero or there are some dumb people out there with a lot of money