Nederlander owns the arena but wants the city/county to assist in funding the project. The 200 million number was for a renovation, but Nederlander has said they really want to tear the whole thing down and build a new arena which would be more like 350 million. There is no way a tax to fund the project would pass in my opinion and I'm 99% sure that no renovation or new arena gets done.
My guess is that the NCAA will move the games to Columbus, Louisville, or Indianapolis. I simply think the days of UD arena hosting 1st and 2nd round games are over.
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