Texas Tech conference change could mean big bucks - KCBD NewsChannel 11 Lubbock

6/7/10

Texas Tech conference change could mean big bucks for local economy

By Katie Bauer  - bio | email

LUBBOCK, TX (KCBD) - As the news of a possible conference change is in the works for Texas Tech, area business leaders are left thinking about the future.

According to multiple reports, along with Texas Tech, the Pac-10 is considering inviting several Big 12 schools to join their conference, but what does this mean for the Hub City?

Now some local economy experts say a conference change could mean big bucks. "Being a part of the new conference would just bring new exposure to Lubbock and to an audience who hasn't heard about Lubbock before," said President and CEO of the Lubbock Economic Development Alliance John Osborne.

And Osborne says new exposure could mean an economy boost. "Anytime you bring new dollars into the community that has not traditionally been coming in, you're going to see a positive impact from that. The only way to grow a city's economy is to bring new dollars in," he said.

The Pac-10 is expected to invite Texas Tech, Texas, Texas A&M, Oklahoma, Oklahoma State, and Colorado to join its league this week.

"We need to make sure that we stay as close to those rivals as possible. They travel well and I think the universities themselves work very well together," said Osborne.

Some analysts believe Tech could more than double its TV revenue by making the jump. "If the football program was to draw in $8 to $10 million more a year, that would be fantastic both for the university as well as anything that comes into the university in that respect is going to spin out into the economy to the local economy as well," said Lubbock Chamber of Commerce President Eddie McBride. 

McBride says this could be a very smart move. "With season tickets being up this year, I think this is a very exciting opportunity to consider," he said.

Texas Tech says they are going to hold off on making a comment until official action is taken, but so far initial remarks were supportive of staying with the Big 12.

©2010 KCBD NewsChannel 11. All rights reserved.

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