In the current design for the center, UCF's performing-arts programs have been replaced with office space for Orange County, which has agreed to contribute money to the project.
"If they give us a bunch of money, it might not be a bad idea to have a site for them," Orlando Performing Arts Center president and chairman Jim Pugh said.
The loss of the university means the loss of $15 million in state funds, however.
According to the Sentinel, UCF also objects the selection of developer Hines International to build the center.