arena http://wfpl.org en Arena Authority Seeks New Management for Yum Center http://wfpl.org/post/arena-authority-seeks-new-management-yum-center <p>The Louisville Arena Authority wants new management of the KFC Yum Center.</p><p>The authority voted today to look into dissolving its management agreement with the state fair board and inking a new deal with a private firm.</p><p>&ldquo;When you&#39;re trying to manage the Yum Center, the convention center and Freedom Hall, I think it&#39;s just hard to focus on controlling expenses at the arena because it&#39;s not their first priority,&quot; says Metro Council President and authority board member Jim King.</p> Mon, 11 Jun 2012 17:03:16 +0000 Gabe Bullard 613 at http://wfpl.org Arena Authority Seeks New Management for Yum Center Moody's Downgrades Arena Bonds http://wfpl.org/post/moodys-downgrades-arena-bonds <p>Moody&#39;s credit rating agency has downgraded the bonds used to finance the KFC Yum Center, citing high operating costs and poor performance of businesses around the arena.</p><p>Part of the plan to pay off the bonds relies on tax increment financing. A TIF district was created in downtown Louisville so any development spurred by the facility would help pay the debt. The arena was supposed to give downtown development a boost, but Moody&#39;s says the TIF district may not be enough to support the arena.</p> Thu, 31 May 2012 21:53:14 +0000 Gabe Bullard 492 at http://wfpl.org Moody's Downgrades Arena Bonds