Being completely selfish here, I and a great number of UConn fans (you know the ones who drive to Gampel, XL and Mohegan) could easily drive or take public transportation to MSG (or other venues in and around NYC).I could see Boston hosting. It's expensive in Boston proper, but there are a lot of suburban areas around the area that could be cheaper options for hotels.
NYC, no, I don't ever see it happening.
Would this be good for other schools? Not so much...