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U. Of Cinci Removes Name From Stadium

The Cincinnati Bearcats are scrubbing outspoken racist Marge Schott's name from their baseball stadium ... with the school announcing the change effective immediately.

Of course, Schott -- who owned the Cincinnati Reds from 1988-99 -- is infamously known for praising Adolf Hitler ... saying he was "good at the beginning, but he just went too far."

On top of that, Schott was banned TWICE from the MLB for racist comments ... and had been accused of using racial slurs when referencing her players.

UC -- which named the baseball stadium after Schott in 2006 following a posthumous $2 million donation -- voted unanimously to remove the name after a petition reached more than 10,000 signatures to take action.