The park closed last year when Six Flags declared bankruptcy. Hart, who owned the park before Six Flags, then proposed a spate of improvements and a plan to re-open the facility by next summer. Hart’s proposal relied on the General Assembly’s approval of a $50 million bond to finance the renovations.
From Kentucky Public Radio’s Tony McVeigh Kentucky will purchase bonds to keep state student loan programs afloat until federal help arrives. Governor Steve Beshear says the state will purchase 50-million dollars in bonds to ensure short-term financing for student loans. He says the action is necessary because the national credit collapse is crimping the availability… Continue reading Kentucky to Purchase Bonds to Fund Student Loans
With funding for Louisville’s downtown arena in question, the arena authority will meet Tuesday to explore new financing options.
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
Bonds for the new downtown arena in Louisville could be issued as early as this week. But exactly when that will occur is unclear.