KFC Yum! Center

Local News
4:35 pm
Mon June 9, 2014

Paul McCartney's Louisville Show Rescheduled

Paul McCartney in 2009
Credit Creative Commons

Fans of Paul McCartney who have tickets to his first-ever performance in Louisville will have to wait a while longer for the show.

McCartney announced on his website Monday that his doctors have advised him to take more time to recover from a viral infection that left him hospitalized in Asia last month.

His June 26 show at the KFC Yum! Center has been postponed until Oct. 28.

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Local News
3:30 pm
Wed June 4, 2014

The Major Points in the KFC Yum! Center Economic Impact Study

The KFC Yum! Center
Credit Eleanor Hasken/LPM

Less than four full years into operation, the KFC Yum! Center has accounted for an estimated economic impact of more than half a billion dollars since it opened.

So says an outside consulting firm that added up the dollars from arena ticket, concession and merchandise sales, along with estimated spending on hotel rooms, restaurants, bars, shopping, transportation and other entertainment.

“This is a real economic engine,” said John Kaatz, a principal in the Minneapolis office of CSL International.

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Strange Fruit
5:35 pm
Mon April 14, 2014

Strange Fruit: Cirque du Soleil Brings Michael Jackson’s Work to Louisville

Credit Cirque du Soleil

 

For most of us, Michael Jackson's death is one of those where-were-you moments.

"When I found out MJ died, Jai was with me in the car, and I pulled the car over at a gas station and I started bawling, crying. And he thought my dad had died," Dr. Story says. "Michael Jackson was very symbolic to me of my childhood - listening to his music with my dad when I was a little girl, and I just didn't expect him to die like that."

When we heard Cirque du Soleil had put together a stage production based on the King of Pop's music and dance, we wanted to find out more. So this week we spoke to Laura Silverman who does publicity for the group about how the show came together, and the challenges of bringing such a legendary life to the stage. The show will be at the KFC Yum Center on April 25th and 26th.

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Local News
12:25 pm
Wed March 12, 2014

Louisville Mayor Greg Fischer Sees Need for Added Hotels

Credit Creative Commons

Louisville Mayor Greg Fischer said a string of hotels set to be constructed in downtown Louisville will play a vital role in accommodating the city’s growing tourism industry.

“One of things that is happening in our city and a lot of people don’t recognize it going on, is we’re getting a whole new type of tourist coming to town,” Fischer said.  “We’re going to need a lot of capacity.”

The Bourbon Trail last year attracted nearly 600,000 people and Fischer said “we’re quickly on our way to exceed 1 million.”

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Local News
3:09 pm
Tue December 31, 2013

Louisville Councilman to Request State Audit of KFC Yum Center's Overseer

Credit Amanda Donhoff / WFPL

A Louisville Metro Councilman plans to ask the state auditor to conduct a review of the Louisville Arena Authority, which oversees the KFC Yum Center.

Councilman Dan Johnson, D-21, says the authority—which is a state body—has been mismanaged, and the University of Louisville’s control over the authority’s board has caused it to underperform.

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Politics
3:36 pm
Mon December 30, 2013

Louisville Mayor Greg Fischer Remains Confident in KFC Yum Center; Acknowledges Taxpayer Concerns

Louisville Mayor Greg Fischer
Credit File photo

Even though it's plagued by financial woes, Louisville Mayor Greg Fischer remains steadfast that the KFC Yum Center is a good deal for the city.

Two credit rating agencies have recently lowered the facility's bonds despite lobbying efforts by the Arena Authority to upgrade the rating.

In the last budget, the city increased its contribution to pay off the arena debt from $6.5 million to $9.8 million a year.

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Politics
8:45 pm
Thu September 26, 2013

Louisville Metro Council Shrinks KFC Yum Center's Taxing District

KFC Yum Center
Credit File photo

In a unanimous vote, the Louisville Metro Council approved a measure reducing the size of the tax increment financing district surrounding the KFC Yum Center from six square miles to two square miles.

Council members hope this change will develop better revenue projections for the arena to help pay down its debt.

Since February, city officials have been discussing new ways to deal with financial woes at the downtown arena.

The TIF district is made up of property, occupational and sales tax revenue that goes towards the Louisville Arena Authority to help retire the $349 million in construction bonds.

But the taxing-district has fallen far below its expected projections putting a heavier burden on the city—and Louisville taxpayers—to cover more of the costs.

"Reducing the TIF area allows the TIF revenues to directly reflect the success of the arena and eliminates changes in business activities unrelated to the arena," says Council President Jim King, D-10, who sponsored the bill. "This approach is more realistic and gives the city a better monetary outcome in the future. It also taps into promised state tax revenues."

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Local News
12:33 pm
Tue March 19, 2013

Louisville Cardinals Are College Basketball's 'Most Valuable' Team, Forbes Says

Rick Pitino
Credit Shutterstock.com

The Louisville Cardinals are the "most valuable" team in men's college basketball with a worth of $38.5 million, according to an analysis by Forbes.

The Cards held the honor last year, too, with a worth of $36.1 million.

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Local News
7:00 am
Sun March 3, 2013

Seattle Times Columnist Jerry Brewer: 'The NBA Could Work in Louisville'

Credit NBA/Creative Commons

The question of whether Louisville could and should have an NBA team has entered a quieter phase since the Sacramento Kings began talks of relocating to Seattle. Though it's no done deal, as a Sacramento group is also trying to keep the franchise in place.

Either way, at this juncture no NBA team appears up for grabs—though history dictates that that's likely to change in the next several years

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Politics
5:59 pm
Wed February 27, 2013

Amid Financial Woes, Mayor Greg Fischer Appoints City CFO to Arena Authority Board

Mayor Greg Fischer has appointed the city's chief financial officer to the Louisville Arena Authority Board amid growing concerns about the financial stability of the KFC Yum Center in downtown.

The mayor named Steve Rowland to the board on Wednesday, giving the CFO a voting position. Fischer believes the CFO will help the arena authority have a broader view of city operations and related financial projections.

"There’s no doubt the KFC Yum Center is a shining star and the envy of other cities," Fischer said in a statement. "At the same time, the city’s financial responsibility to the bondholders is a significant expense in the city budget. Additionally, revenues from the tax-increment financing district supporting the arena have not performed to the original projections."

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