Lawmakers Reviewing Rupp Arena Financing Proposal

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/14 5:04 pm
Supporters of a plan to help finance Rupp Arena's renovation are mounting one last effort to persuade Kentucky lawmakers to include state-backed bonding for the project. It's the legislative equivalent of a last-second shot at the buzzer.

Gov. Steve Beshear said Monday he's trying to win support for a plan that calls for $80 million in state-backed bonds to help renovate the home of the University of Kentucky men's basketball team. Officials from Lexington and UK are pressing their case with lawmakers.

Lawmakers refused to include $65 million in state-backed bonds in the two-year state budget that passed the General Assembly.

Beshear says the revised financing plan does not depend on letting Lexington officials increase their local hotel tax.

That proposal passed the House but has stalled in the Senate.

Share
Most Popular
9-Month Lexington Police Drug Investigation Nets 55 Arrests
Lexington police announce the end of "Operation Transformation." The investigation focused on drug sales in Lexington's east-end. Video Video
Customers: Reaction To Somerset's New Gas Station
Gas prices slightly dropped in Somerset, after the city's gas station opened for business on Saturday. Customers filling up at the new gas station said they would rather give their money to the city. Video Video
Deputies: Mother Left Child With Strangers Before Smoking Crack
Deputies say a woman asked strangers to watch her child while she went off and smoked crack.
2 arrested after police find body in car
Two people have been charged with kidnapping and murder after police say they found a body inside the trunk of a car in Hardin County.
9-Year-Old Gives His 3-Year-Old Brother The Gift Of Life With A Bone Marrow Transplant
A fourth grader in Garrard County has had a life-saving summer. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.