Dayton announces plans for $72 million renovation of arena

DAYTON, Ohio -- The University of Dayton announced plans Thursday for a $72 million project to renovate its basketball arena, the home to the March Madness First Four play-in games since 2011.

The Dayton Daily News reported the cost is being covered through private donations and the school.

In a statement, the president and the athletics director at the university say the money will go toward turning UD Arena into an "environmentally conscious, state-of-the-art facility."

The renovations include new air conditioning, new broadcast technology and improved Wi-Fi.

Officials say while most of the seats will be unaffected, some season-ticket holders will have to move.

University officials say the renovations will be done in time for the arena's 50th anniversary in 2019.

Before it hosted the NCAA tournament's First Four play-in games, UD Arena hosted the tournament's play-in games -- called the Opening Round -- from 2001 to 2010.

The Associated Press contributed to this report.