Austin 360 is reporting that The Moody Foundation of Galveston has granted KLRU $2.5 million to go towards the new Austin City Limits studios build on 2nd Street downtown. Scheduled for completion in 2011, the new venue's capacity will reach 2,700 and will be called The Moody Theater. KLRU is seeking $6.5 million to complete the venue using entirely HD equipment.
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