GAINESVILLE - The University of Florida men's basketball team is one of the best in the nation.

If all goes as planned, the Gators one day will play in an arena worthy of the two-time national champions.

The Gainesville Sun reported in Friday's edition that the O'Connell Center could get a $50 million facelift.

Fundraising success would determine the project's timeline, the Sun reported. At the end of next week, UF trustees are expected to vote on whether the school would be on the hook for $10 million of the costs.

The University Athletic Association would cover the rest of the cost with donations, the report said. 

The renovation would include putting permanent seating in place of retractable bleachers on the floor and adding club seating and luxury boxes. A new entrance, additional concessions, a new audio-visual system and shops also would be added.

Besides the men's and women's basketball teams, the Gators volleyball team and gymnastics team used the O'Dome. Concerts, commencement and other events also take place there.

Built in 1980, the building is named after late school president Stephen C. O'Connell and has undergone renovations over the years. One was adding the court on which the 2005-06 Gators won the school's first national championship in men's hoops. 

UF spokeswoman Janie Sikes told the Sun there are no plans to change the facility's name to reflect the highest contributor to the renovation.

Email Edgar Thompson at egthompson@orlandosentinel.com. Read the Swamp Things blog at www.orlandosentinel.com/swampthings. Follow our UF coverage on Twitter @osgators.