The Louisville Metro Council’s Budget Committee has approved an amendment that gives the Arena Authority a break on fees it owes the Louisville Downtown Management District. The authority has been tied up in state court over whether the KFC Yum Center is an assessable entity that would owe the Downtown Management annual fees. “From my… Continue reading Committee Approves Arena Authority, Louisville Downtown Management Agreement
One year after the opening of the KFC Yum Center, Louisville Arena Authority Chairman Jim Host is stepping down. Host is also chair of the Bluegrass Economic Advancement Movement, or BEAM, which is the economic partnership between Louisville and Lexington. “I’m a glutton for punishment,” he jokes, saying that BEAM will consume most of his… Continue reading Host To Step Down From Arena Authority
The Louisville Arena Authority expects the KFC Yum Center to make a profit in its first full year of operation. The capital budget calls for the authority to take in 1.4 million more than it will pay in debt service and the operating budget anticipates a 1.2 million dollar profit.
The Kentucky Attorney General’s office says the Louisville Arena Authority is in partial violation of the state’s Open Records Act. While the attorney general’s office says the Arena Authority properly denied personal information like social security numbers and dates of birth, it improperly denied information like employees’ names, home zip codes, gender, race and pay rates.
The Louisville Arena Authority is looking to install a large-scale piece of artwork in the new arena under construction at Second and Main streets. WFPL’s Elizabeth Kramer has more. The Arena Authority received 75 submissions after putting out a call out to artists in November about the opportunity to create artwork for the arena, noting… Continue reading Louisville Arena Authority Looking to Commission Art
Norton Healthcare is the first major sponsor of the new Louisville arena. The company will operate an Immediate Care Center in the arena, accessible to the public through the plaza, and two Norton First-Aid stations inside the arena for events held there. Arena Authority chairman Jim Host says Norton also gets signage in the… Continue reading Norton Healthcare is First Major Arena Sponsor
The Louisville Arena Authority has postponed the sale of 360-million dollars in bonds. The check presentation had been set for today. The special meeting was delayed when Moody’s credit rating agency put the company insuring the bonds on credit watch – meaning its credit rating could be downgraded. That temporarily halted the closing of the… Continue reading Arena Authority Postpones Sale of Bonds