New plan to finance renovations at Rupp Arena announced

New plan to finance renovations at Rupp Arena announced

New plan to finance renovations at Rupp Arena announced

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by WHAS11

WHAS11.com

Posted on April 14, 2014 at 4:23 PM

LOUISVILLE, Ky. (WHAS11) – There is a new plan to finance renovations at Rupp Arena Monday afternoon, April 14.

Governor Steve Beshear said late on Monday that 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 Kentucky Wildcats.

Officials from Lexington and UK have been pressing their case with lawmakers since they refused to include $65 million in state backed bonds in the two-year state budget.

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

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