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INDIANAPOLIS -- Jacksonville has been selected to host the second- and third-rounds in the 2015 NCAA Division I Men's Basketball Championships.

NCAA.com reportsit will be Jacksonville's third chance to host since 2006. According to a release from the city, hosting parts of the tournament in the past generated an estimated economic impact of $12 million in 2006, and "a similar impact was projected in 2010."

"March Madness will draw investment and attention on our great city," said Mayor Alvin Brown in a release. "Hosting the NCAA tournament continues the momentum we have experienced in making our city a great destination for sports and entertainment. I want to thank all of our partners for working with us to successfully bid for the tournament."

Jacksonville University will be the host institution for the tournament, as it was in 2006 and 2010.

Twenty-five preliminary round sites for the 2014 and 2015 Division I Men's Basketball Championships were announcedMonday.

"The bid process was as competitive as ever, with 53 cities expressing the desire to be a part of one of the world's premier sporting events," NCAA vice president of men's basketball Dan Gavitt said.

The news comes just three days after Jacksonville hosted Friday night's Navy-Marine Corps Classic aboard the USS Bataanat Naval Station Mayport.