New tentative financing plan in place for downtown arena

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WHAS11.com

Posted on August 15, 2009 at 6:39 PM

Updated Tuesday, Oct 13 at 3:06 PM

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(WHAS11) - It appears the proposed Downtown Louisville arena has another tentative financing plan.

The proposal includes the sale of $329 million dollars in bonds, about $29 million less than the original plan.

But arena authority chairman Jim Host tells WHAS11 News nothing has been slashed from the arena construction plan to try and save money. Host says a final financing arrangement for the proposed arena will be ready by August 28th.

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