Ah...I get what you're saying. Sorry, I wasn't trying to say that Ticketmaster could/would prohibit TCF from becoming a music venue. Rather, I was saying that they could use their contracts to ensure that touring groups would play elsewhere (like Target Center or Excel) once TCF was a venue. That is, of course, unless the U decided to play ball with Ticketmaster.
If they prohibited the U of Minnesota from participating in the market of hosting events, they would be stupid and have potential liability. Dictating where an act can and CANNOT play might give rise to an action.
The reality and impact of the Internet in ticketing is such that the U of Minnesota would be foolish not to consider using Ticketmaster as a ticketing agent for their events including even, potentially for in-demand Gopher tix. E.g., the thousands of student tickets might best be distributed to the students through an on-line lottery with a virtual waiting room. Ticketmaster is currently the state of the art in this. The reason they are so big is because of the revenue they pay promoters for the right to market their events. It's hard to compete with them.
That being said, venues like TCP have a unique position and could be just the type of venue to cut out the Ticketmasters of the world. The question becomes is it worth the hassle of doing it yourself or doing nothing and still having a good payday when you play ball with Ticketmaster.
BTW, I put little stock in these bands b!tching about Ticketmaster until seeing exactly how much they are making from the event CONSIDERING ALL SOURCES. Sure it's easy to say you are supporting your fans who pay $195 a seat and $45 of it goes to Ticketmaster's various line item fees. How much of those fees ultimately end up in the bands' pockets through creative three way accounting involving Ticketmaster, the promoter and the act?? Some of the bands are credible in their complaints and some are not.
I saw Led Zeppelin and Pink Floyd in the seventies at around $20-30 a ticket. If and (hopefully) when those reunions occur, I fear that the market will dictate $200-$300 in convenience, ticketing, venue and other BS fees ON TOP of the $500-$2,500 ticket prices. Zep promoted their own tours for a while in the mid-late 70s. I doubt they could do it today, but if anyone could they would need that kind of demand to pull it off.