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Topic: Kentucky Senate Shoots Down Rupp Arena Funding
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eleem
Player
Member # 884
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posted 04-16-2014 04:53 PM
It is late so we will make this quick. The Senate is not going to pass the Rupp Arena funding proposal. After giving $75 million to the Yum Center and another $60 million in this session to the Louisville Convention Center, the Kentucky Senate has denied any funding for the new Rupp Arena project. The decision was lead by Senate President Robert Stivers, who earlier in the evening had said he was undecided on the project. We will look more into this tomorrow for details and discuss on the radio. This is a definite blow for the Rupp renovation and a big step in keeping UK behind Louisville on the facility/revenue side for the near future.
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Posts: 13248 | From: flatwoods,ky. | Registered: Oct 2000
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boomdaddy
Player
Member # 2644
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posted 04-17-2014 08:13 AM
Not sure why Louisville gets funded and Lexington does not. One legislator stated that he wanted to see a long term contract that binds UK to Rupp arena. Not sure if that is why it didn't get passed.
Posts: 8791 | From: paris, ky | Registered: Mar 2006
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m hamilton
Player
Member # 127
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posted 04-17-2014 07:59 PM
Vote them out!!! I can't but some of you guys can!
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The potus is planning 1st major tax hike since '93 in next economic package!
I still can't believe some people believed that LIAR!!!
Your whole life is determined(by) 10% what happens to you, and 90% how you handle it!!!
Posts: 123969 | From: vevay, IN USA | Registered: Sep 1999
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bayer
Administrator
Member # 462
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posted 04-17-2014 10:51 PM
My guess is the main reason it did not pass was because of the abysmal mess surrounding the Chicken Bucket in Louisville. The State agreed to issue the bonds for it and now the special taxing district is not bringing in the taxes which were projected, UofL received such a sweet deal and bookings have not been what was projected (in part due to the UofL deal) and as a result the place is on the verge of financial collapse. IMO the Senate wanted to make sure the state did not get on the hook for two white elephants at the same time. They also did not want to run the risk of UK making a pitch for an on-campus facility, thus the request for a long-term lease with UK.
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Kentucky Basketball - Once Again, A Way of Life in the Bluegrass State!
Posts: 17281 | From: the center of Big Blue Nation!!! | Registered: Mar 2000
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