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Louisville Arena May Need More Money From City

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By: Associated Press
Posted: Mon 7:32 PM, Sep 10, 2012

The Louisville Arena Authority has given notice that it may need a larger contribution from the city to the KFC Yum! Center.

The authority at its monthly meeting Monday approved a request for up to $3.3 million more by next spring "as needed" for the building's debt payments. Those funds would be in addition to the $6.5 million it currently pays.

The Courier-Journal reported that the authority took the action, in part, because it hasn't determined how much money will be available for payments due in December 2013.

Arena officials are weighing selling a package of securities that could bring in as much as $7 million and avoid using more of the city's pledge.


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