LOUISVILLE, Ky. (WDRB) -- Spalding University has replaced a bike meant to honor boxing legend Muhammad Ali.

Last month, someone stole a bike hanging outside the site of the former Columbia Gym on Spalding's campus. That's where Muhammad Ali began boxing after his bike was stolen in 1954.

Attempts to get the bike back were unsuccessful, so officials say they bought a new one.

"We could have spent $2,500 on a vintage Schwinn and put it up for somebody to steal, but we just got a red bike which happens to be named Columbia," said Spalding University President Tori Murden McClure. "It's not historically accurate. And, oh, by the way, it's not Muhammad Ali's bicycle. Don't come and steal it."

The new bike is secured with cable instead of rope.

Spalding's Board of Trustees voted to rename the building Columbia Gym once again.

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