Rose Bowl officials won't bid to host the 2020 college football championship game, according to The Los Angeles Times.
The Tournament of Roses executive board, which oversees the game, chose to forego the bid out of cost concerns.
The cost of underwriting the bid is between $13 million and $20 million, the Times report said. “We’re not going to put a bid out on a hope and a prayer,” said William Flinn, executive director of the Tournament of Roses.
The college football championship has been awarded through the 2017 season to host sites like Arlington, Texas, and Glendale, Ariz., with newer arenas and infrastructure.
Host cities must also provide at least 10,000 hotel rooms to house attendees, as well as other amenities, the report said.
“Our structure is not compatible with the bid requirements at this point,” Flinn told the Times.
“This is an iconic stadium,” he said. “We know how to put on a college football game.”
Since 1998, the Rose Bowl has hosted four national championships as part of the rotating allocation between Bowl Championship Series sites.
As part of an agreement with the newly implemented College Football Playoff, the Rose Bowl will host a national semifinal game every third season.