Update: State Lawmakers Fail To Approve Bonding For Rupp Arena Renovations

Reported by: Paris Lewbel

Reported by: Tom Kenny
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/16 11:39 am
State lawmakers went home Tuesday night without voting on a proposal to provide state-backed bonding to help pay for the renovation of Rupp Arena and adjacent convention center in downtown Lexington.

The new financing proposal called for $80 million in state-supported bonding.

The proposal never came up for a vote in the Senate as time ran out on the legislative session.

Earlier in the session, lawmakers refused to include $65 million in state bonding for the project in the two-year state budget that passed the legislature.

Governor Steve Beshear led the push to authorize state-backed bonds to help pay for the project, which was estimated to cost more than $300 million.

"Despite the failure of the Senate to support the Rupp Arena and convention center project, we will continue to seek ways to bring this project to fruition," Beshear said.

"Rupp Arena, the convention center, Lexington and the surrounding region need this overdue renovation and improvement to attract the conventions and investment that modern facilities bring to city centers.  Delaying this project needlessly delays positive economic development for the central Kentucky region, but I am confident that we will forge a path forward," Beshear said.

Lexington Mayor Jim Gray said, "Sure it's a setback.  But a setback can be a setup for the next round.  I've had projects that took years to develop, so I'm patient.  A complex, transformational project like this takes time and requires overcoming big obstacles.  We'll just keep working.  Rupp is a great brand that inspires pride and tradition and through new jobs will bring new life to our city."

Chair of the Lexington Center Board, Brent Rice said, "Rupp is nearly a 40-year old facility and we can't attract the concerts, conventions, meetings and other NCAA athletic events that our competitor facilities do today.  We just can't compete with a 1970's era facility.  This outcome is sad for UK basketball fans and those people who would have had good jobs in the Rupp District.  It's hard for me to understand how it's fair for Lexington and UK to be shut out when Louisville has been given $75 million for the Yum Center and $56 million for their convention center.  But we'll work to find a way forward because this project is too important to give up on."

Share
Most Popular
Clerk Shot During An Apparent Robbery In Danville
Police in Danville said a worker at a Domino's Pizza was shot Monday night in what appears to be an attempted robbery. Video Video
Facebook Post Leads Deputies To Marijuana Patch In Whitley County
Someone in Whitley County posted photos of themself on Facebook posing in front of a marijuana patch on Clifford Canada Road, according to the Sheriff's Office. Those pictures led investigators to the pot patch and a father and son were arrested.
Traffic Stop Leads To Drug Arrest In Wolfe County
A traffic stop in Wolf county led to the arrest of a 66-year-old man who troopers said had four pounds of marijuana in his car.
Witnesses Record Standoff In Richmond Saturday Night
Two men saw the standoff in Richmond Saturday night between multiple law enforcement agencies and 29-year-old Jesse Aaron Gibbons, and recorded it. Troopers said Gibbons died on the way to the hospital. Video Video
UPDATE: Suspect Shot By Police Had Criminal Record
Court documents showed that a suspect killed in a shootout with police had been previously arrested for domestic violence. The Fayette County Coroner said Jesse Gibbons had been shot several times Saturday night before he died. 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.