Yum! Center chairman says UofL basketball scandal presents ‘serious challenge’ to refinancing arena bonds Thursday, Sep 28 2017 

The Kentucky Economic Development Finance Authority (KEDFA) gave final approval Thursday morning for the Louisville Arena Authority to issue refinanced bonds for the KFC Yum! Center, the culmination of a yearlong effort to save the arena from defaulting on its debt payments in the near future. However, arena authority chairman Scott C. Cox told IL […]

UofL trustees and Louisville Arena Authority expected to approve agreement amending Yum! Center lease Wednesday, Jul 19 2017 

The University of Louisville and the Louisville Arena Authority both are expected on Thursday to approve a much-debated lease agreement, which will amend the terms of the UofL Athletic Association’s lease as the primary tenant of the KFC Yum! Center that has been in place since 2010. The current terms of the lease have been […]

Trustees give UofL president negotiating power on arena lease, while Tom Jurich says he never made $2.5M deal with Gov. Bevin Thursday, May 18 2017 

The University of Louisville board of trustees on Thursday gave interim President Greg Postel the authority to negotiate an amended lease with the KFC Yum! Center. While Postel and athletics director Tom Jurich expressed confidence that a deal would be reached with the Louisville Arena Authority, they both disputed that the university had ever agreed to pay an additional […]

Auditor Harmon unveils review of Yum! Center finances, expresses concern over lack of commitment by ‘key parties’ Thursday, May 18 2017 

State Auditor Mike Harmon released his office’s financial review of Louisville Arena Authority on Thursday, along with a statement expressing concern that unnamed “key parties” have shown a lack of commitment to help the KFC Yum! Center avoid defaulting on its debt payments in the near future. The audit of the arena’s long-troubled finances was requested […]

In final hours of session, General Assembly passes bill to extend Yum! Center TIF Friday, Mar 31 2017 

With hours remaining in the final day of the 2017 session, the General Assembly passed an amended version of a bill intended to prevent the KFC Yum! Center in downtown Louisville from defaulting on its debt payments in the near future. Like previous versions of House Bill 330, the legislation extends the life of the […]

As the Kentucky General Assembly reconvenes, here are the issues and legislation to watch Tuesday, Feb 7 2017 

The Kentucky General Assembly reconvened late Tuesday afternoon, with nearly two months remaining in this year’s short legislative session. While the legislature sprinted through seven major bills passed within their first five days in January, most expect both chambers to slow down to a more typical pace this month. While the pace of legislation slows, […]

Mayor Greg Fischer talks violent crime, tax reform, arena financing and more Thursday, Dec 29 2016 

Mayor Greg Fischer sat down with Insider Louisville on Thursday for a year-end interview, during which he expressed optimism that the city is heading in the right direction despite an alarming all-time high in homicides this year. Highlights of the conversation include Fischer’s thoughts on Louisville Metro Police Department’s strategy to combat violent crime, the financially […]

Jurich threatens to leave Yum! Center and build on-campus arena due to ‘criminal’ rhetoric Tuesday, Dec 6 2016 

KFC Yum! Center

In an interview on WLOU 1350 Saturday morning, University of Louisville Athletics Director Tom Jurich said that its teams should stop playing at the KFC Yum! Center because of city leaders’ rhetoric blaming the school for the arena’s financial troubles, and instead build an arena on campus. The interview took place two days after the […]

Council members seek to increase city’s financial obligation to Arena Authority, so long as UofL alters lease Friday, Nov 18 2016 

city hall

Three Metro Council members filed an ordinance Thursday that would increase the city’s minimum financial obligation to the Louisville Arena Authority by up to $80 million over the next 22 years, provided the University of Louisville Athletic Association alters its lease at the KFC Yum! Center to direct more revenue toward the financially challenged arena‘s […]

Arena Authority chairman seeks to strengthen Yum! Center TIF ahead of escalating debt payments Monday, Nov 14 2016 

KFC Yum! Center

The chairman of the Louisville Arena Authority told board members on Monday that changes need to be made to improve the long-term financial position of the Yum! Center ahead of debt payments that are scheduled to escalate significantly within the next four years. Though chairman Scott Cox did not discuss what those specific changes would […]

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