Lexington Mayor Promises to Reimburse Coal Severance Funds

Lexingt on Mayor Jim Gray
Lexington Mayor Jim Gray announced Tuesday that coal counties will be paid back $2.5 million in severance funds that were used by the state to update Rupp Arena.

Gray also said Lexington will make the reimbursement a part of its overall financing plan for the arena.

The Mayor is still pushing for $65 million in state funding for the project, which he said will add 4,400 jobs during construction, followed by 3,000 permanent jobs in the Bluegrass.

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Rupp Arena is 38 years old and no longer competitive, according to Gray.