Most Shared

LOCAL 12 - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Budget seeks $65M in bonds for Rupp Arena renovation

FRANKFORT, Ky. (AP) -- Gov. Steve Beshear is asking the state to provide $65 million in bonds for a renovation of Rupp Arena as part of his proposed two-year state budget.

The proposal is part of nearly $1 billion in General Fund bonds for construction projects included in Beshear's budget.

The Lexington Herald-Leader  reports that Beshear says the total price tag to renovate the home of the University of Kentucky men's basketball team would be about $310 million.

The renovation plan would also include a relocation of the Lexington Convention Center. Beshear said the remaining funds would be provided by local and private sources.

In July, a contractor and architects were hired for initial design work, but final designs and a plan to finance the renovation have not yet been released.

 

 

Talkers

Advertise with us!