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.
A ribbon-cutting ceremony will be held on October 10. The arena doors will be opened for free public tours on October 19 and 20th. There will also be a $100 per ticket gala for three thousand people featuring the Louisville Orchestra.
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
Construction of Louisville’s new downtown arena is expected to move into a new phase soon as crews continue enclosing the facility and Second and Main Streets. Arena Authority Chairman Jim Host says that means the number of workers on the job will also rise sharply. “(There are) close to 400 on the site now, and… Continue reading Arena Construction Workers To Soon Number About 600
Three more companies have signed on as corporate sponsors for the new Louisville arena under construction at Second and Main Streets. They include the investment firm Hilliard Lyons, which signed a ten-year deal to be a “Cornerstone Partner” in the facility. Arena Authority Chairman Jim Host says Hilliard Lyons was instrumental in helping obtain financing… Continue reading More Arena Sponsorships Announced
A state Occupational Health and Safety Administration report on last month’s floor collapse at the new Louisville arena site could be issued this week. Three workers were injured on April 27 when a section of concrete floor gave way. An investigation by the arena’s construction manager blamed human error for the collapse. Arena Authority Chairman… Continue reading OSHA Report On Arena Mishap Expected Soon
The construction manager for the Louisville arena project says there are currently about 250 workers on the job site, but that number will eventually swell to about 750. Mortensen Construction executive Bill Hedge says the project will ramp up with the addition of structural steel and exterior enclosures on the facility at Second and Main… Continue reading Host: Arena Construction "On Schedule, On Budget"
Demolition work continues at the site of Louisvlle’s new arena at Second and Main Streets. The arena’s project manager says 80% of the razing work is complete. The Louisville Arena Authority was also scheduled to take possession Monday of property purchased at the site from Louisville Gas and Electric Company. LG and E is in the process of… Continue reading Demolition Continues At Arena Site
A month after its financing plan fell apart at the last minute because of uncertainty in the bond market, the Louisville Arena Authority is on the verge of executing a new agreement to pay for the planned facility at Second and Main Streets. Authority Chairman Jim Host says the new plan should be ready for approval at… Continue reading New Arena Financing Plan Could Be In Place Next Week