Local News
3:14 pm
Fri December 27, 2013

Louisville Metro Councilman Calls for Review of KFC Yum Center-UofL Lease After S&P Lowers Rating

Credit Amanda Donhoff / WFPL

Standard & Poor's has reduced the rating of bonds used to pay for the construction of the KFC Yum Center.

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.

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1:54 pm
Thu June 28, 2012

U of L Approved for State's Largest TIF District

U of L's Belknap TIF is over 900 acres.


Kentucky’s economic development cabinet has granted final approval for a special taxing district near the University of Louisville’s Belknap campus.  

The over 900-acre tax increment financing district is the largest ever approved by the state.   The TIF program will allow U of L to keep a portion of state and local taxes generated within the district.

U of L President James Ramsey says the district will help finance an engineering and applied sciences research park, much like the healthcare facilities developed in the downtown TIF district.

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