Cincinnati won a bid Tuesday to host the NCAA men's basketball tournament for the first time in 30 years, but the good news comes with a pretty big catch.
It will only happen if the owners of U.S. Bank Arena and local officials can figure out how to pay for a $200 million renovation of the 40-year-old facility.
The requirement to overhaul the arena tempers an announcement that otherwise excited basketball fans and local tourism officials who were thrilled with the prospect of Cincinnati welcoming tens of thousands of visitors and a national TV audience. If the deal goes through and the city lands the 2022 first and second round games, it would be the first time since 1992 the city has played host to March Madness.