TIF http://wfpl.org en Louisville Metro Councilman Calls for Review of KFC Yum Center-UofL Lease After S&P Lowers Rating http://wfpl.org/post/louisville-metro-councilman-calls-review-kfc-yum-center-uofl-lease-after-sp-lowers-rating <p><span style="line-height: 1.5;">Standard &amp; Poor's has reduced the rating of bonds used to pay for the construction of the KFC Yum Center.</span></p><p>The lower rating of "BB" from "BBB-" on senior lien bonds stems from concerns that the tax increment financing district used to pay part of the debt isn't performing as previously expected, the financial services agency said. The downgrade lowers the bonds below investment grade to "junk" status.</p> Fri, 27 Dec 2013 20:14:53 +0000 Joseph Lord 8042 at http://wfpl.org Louisville Metro Councilman Calls for Review of KFC Yum Center-UofL Lease After S&P Lowers Rating U of L Approved for State's Largest TIF District http://wfpl.org/post/u-l-approved-states-largest-tif-district <p>&nbsp;</p><p>Kentucky&rsquo;s economic development cabinet has granted final approval for a special taxing district near the University of Louisville&rsquo;s Belknap campus.&nbsp;&nbsp;</p><p>The over 900-acre tax increment financing district is the largest ever approved by the state.&nbsp;&nbsp; The TIF program will allow U of L to keep a portion of state and local taxes generated within the district.</p> Thu, 28 Jun 2012 17:54:30 +0000 Devin Katayama 836 at http://wfpl.org U of L Approved for State's Largest TIF District