North Carolina’s Justin Jackson (44) climbs the ladder to cut down the net following the Tar Heels’ 75-73 victory over Kentucky in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

North Carolina’s Justin Jackson (44) climbs the ladder to cut down the net following the Tar Heels’ 75-73 victory over Kentucky in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

Film Row building near FedExForum set for multimillion redevelopment

1940s building near FedEx Forum set for $3 million redevelopment; developers ask for PILOT

Film Row building near FedExForum set for multimillion redevelopment

North Carolina’s Luke Maye puts up a shot over Butler’s Kamar Baldwin (3) during their NCAA tTournament at FedExForum in Memphis.

North Carolina’s Luke Maye puts up a shot over Butler’s Kamar Baldwin (3) during their NCAA tTournament at FedExForum in Memphis.

Kentucky guard Isaiah Briscoe steals the ball from North Carolina guard Joel Berry II in the first half. The University of Kentucky hosted the University of North Carolina in a 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

Kentucky guard Isaiah Briscoe steals the ball from North Carolina guard Joel Berry II in the first half. The University of Kentucky hosted the University of North Carolina in a 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

Kentucky forward Isaac Humphries scored 12 points Wildcats' loss to North Carolina 75-73, in the 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

Kentucky forward Isaac Humphries scored 12 points Wildcats' loss to North Carolina 75-73, in the 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

North Carolina's Kennedy Meeks (3), Nate Britt (0) and Isaiah Hicks (4) accept the South Regional championship trophy following their 75-73 victory over Kentucky in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

North Carolina's Kennedy Meeks (3), Nate Britt (0) and Isaiah Hicks (4) accept the South Regional championship trophy following their 75-73 victory over Kentucky in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

Kentucky head coach John Calipari, left, talks with Kentucky guard Isaiah Briscoe in the second half. North Carolina won 75-73. The University of Kentucky hosted the University of North Carolina in a 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

Kentucky head coach John Calipari, left, talks with Kentucky guard Isaiah Briscoe in the second half. North Carolina won 75-73. The University of Kentucky hosted the University of North Carolina in a 2017 NCAA D1 Men's South Regional Championship, Sunday, March 26, 2017 at FedExForum in Memphis.

North Carolina’s Kennedy Meeks (3) celebrates the Tar Heels’ 75-73 victory over Kentucky as his teammates cut down the nets in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

North Carolina’s Kennedy Meeks (3) celebrates the Tar Heels’ 75-73 victory over Kentucky as his teammates cut down the nets in the NCAA South Regional Final on Sunday, March 26, 2017 at FedExForum in Memphis, TN.

ed in. #Sweet16 – at FedExForum

ed in. #Sweet16 – at FedExForum

North Carolina's Kennedy Meeks (3), left, and Isaiah Hicks (4) block the shot by Kentucky's De'Aaron Fox (0) during the first half of UNC's game against Kentucky in the NCAA Tournament South Regional final at FedExForum in Memphis, TN Sunday, March 26, 2017.

North Carolina's Kennedy Meeks (3), left, and Isaiah Hicks (4) block the shot by Kentucky's De'Aaron Fox (0) during the first half of UNC's game against Kentucky in the NCAA Tournament South Regional final at FedExForum in Memphis, TN Sunday, March 26, 2017.

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