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SXSW: Matthew McConaughey and MLS's Don Garber say ATX will be the next big soccer town

A day before Austin FC's inaugural preseason scrimmage, part-owner and Minister of Culture Matthew McConaughey spoke with Major League Soccer Commissioner Don Garber about the cultural impact the first major sports team will have on Austin.


Excitement has been building around the team since last year, which is no coincidence. As a longtime Austinite and Austin lover, McConaughey said he chose to invest himself in Austin FC because it means leaving a permanent mark on the city as we know it.

"I'm looking for legacy choices in my life right now. For the next year, or 10 years, I'm looking for choices that I look forward to having on my proverbial Monday morning desk," McConaughey said. "Hopefully something to pass on, after I am gone, to my kids and future generations. I saw Austin FC for a real legacy choice."

Soccer is a game that is prevalent all across the world, only really recently making its way to the U.S. For that reason, one part of McConaughey's goal is to make the team one of the city's key components.

"This is an emerging city and emerging game, it's a disruptive city and disruptive game in America now," McConaughey said. "(It is) often young and diverse. That's football, that's soccer. Plus, Austin is already home to two of the three sort of universal languages, being food and music. So it was high time to add a third language: fútbol."

Austin FC and soccer are about more than the game, according to Garber, who said for 20 years they have focused on bringing the sport to the forefront of American culture to foster growth, acceptance and a sense of belonging as U.S. demographics change.

"We started saying that MLS was going to be a lead for what we were calling a 'New America;' changing demographics, young people that are getting empowered," Garber said. "The empowerment of youth has been a big part of it and the Hispanic story, they want a big story that is in Texas, but it really is throughout our country. When it was founded, there were 30 million Hispanics in our country and as of today, it's double. All of those things make this leave for New America, that's been a super big part of it."

With the Q2 stadium nearly complete and star power behind Austin FC, there is major passion behind Austin's new team. Soccer, in Garber's eyes, is going from an underlying subsidiary sport to a cultural unifier.

"It's interesting because our sport is new, we're one of the newest major leagues in the United States and Canada throughout North America," Garber said. "It's unusual to be living in a generation where you can see a league start with eight teams and then grow to be near 30 that we are now."

Austin changes every day with new people, new businesses and new tech coming in. Don't be surprised if you see Austin's cultural makeup change—that's exactly what MLS is aiming for.

"To us as a leader today, Austin is a city on the rise, so much energy, so much culture, so much music, so much food, so much art, so many young people, so many companies that are moving there to create the new Austin," Garber said. "We want to put Austin as the front porch of where America is going."

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.