A&M announced on Tuesday that it will sell its NFL football stadium in Austin to an unnamed owner.
The company will own the stadium and will operate it as a franchise.
The sale price will be undisclosed.
A&m said the move was in line with its strategy of focusing on “small-market growth opportunities” in Austin.
The team will retain ownership of the stadium through 2026, the team said.
The stadium has played host to many college football games and the Texas Longhorns, a division rival of the Aggies, have won more than 30 games there since 2010.
“We have a long-term vision for the Austin-San Antonio area,” A&am president and CEO Paul Hirsch told The Associated Press.
“I want to build an amazing stadium that can serve the city of Austin, the fans of the city, the local community and the State of Texas and our nation.”
The stadium will seat approximately 2,000 fans and seats would be limited to 75.
A large portion of the seats are reserved for the university’s football team, which plays in a temporary facility on the UT campus.
Hirsch said the decision to sell the stadium comes with the added benefit of ensuring that the team will not have to play at AT&