Sort of.
Here's the deal that we've heard floated:
A lot of the expense in replacing Coleman is in ancillary stuff that the general public doesn't often see -- coaches' offices (for a bunch of sports), meeting rooms, practice facilities, workout rooms, etc., etc. There’s at least one, and I’m pretty sure there are two levels below the basketball court where we all see games played. Plus Coleman is built like a nuclear bunker. Demolition and full rebuild is prohibitively expensive.
So what's being proposed is a competition arena for basketball and gymnastics at a location TBD. I think a good place would be somewhere near the softball stadium, but that's just me.
Anyway, the competition arena would house the playing floor itself, fan seating, locker rooms, concessions, several levels of upgraded seating experiences, and would be used for actual games only.
Coleman would continue to house coaches' offices, practice facilities, meeting rooms, yadda yadda yadda.
Again, all this is conceptual. They haven't firmed up location, timing of the construction, the nature of the upgraded seating experiences, or their price to the fans.
One big advantage to this setup, though, is that home games and meets wouldn't have to be shifted off campus (i.e., to Birmingham) during the construction period. We'll just have to see how the PTB shake it all out.
Regardless of the various aspects of the sausage-making process, I promise you: Everybody everywhere, from Stuart Bell and Greg Byrne down to the newest setup crew trainee, recognizes that a third renovation of Coleman would be putting lipstick on a pig, and wants the games moved elsewhere.