(WHAS11) -- One year after the KFC Yum! Center opened to extremely high expectations the arena is on track to show a profit of at least $500,000.
The Yum! Center's profitability is a public concern because $75 million in state-backed bonds were used to build it.
However, major concert tours like Elton John, Kid Rock, Taylor Swift, Katy Perry and The Eagles, as well as new attendance records for U of L basketball games have helped to make the arena a financial success in its first year.
Many downtown businesses also say they're pleased with the increase in revenue they're seeing since the Yum! Center opened.
