Yum Center Bailout

[56gregory]

Okay can anyone help me here. My understanding is that the Chicken Coop (Yum Center) doesn't generate enough revenue to make annual Bond payments.
1) The first 10M plus of any shortfall lands on the City of Louisville to make up, after that (if shortfall is greater than 10M plus) it lands in the lap of the Commonwealth of Kentucky. Also the City of Louisville has been kicking in 10M plus as of last few years. (my understanding)
2) The Athletic Department at the University of Louisville is reaping big bucks of this deal, Threatens to build own Arena on Campus to any change in the payment structure.
3) Do not U of L, UK, all "State Universities" receive aid from the Commonwealth, if the Commonwealth of Kentucky has to "kick-in" some amount on the "Bond", can not the Commonwealth cut amount of aid given to the University, by the Bond payment amount it would have to cover?
4) If this causes any increase in tuition at the University the students can thank the Athletic Department.

 

[Hjack]

Okay can anyone help me here. My understanding is that the Chicken Coop (Yum Center) doesn't generate enough revenue to make annual Bond payments.
1) The first 10M plus of any shortfall lands on the City of Louisville to make up, after that (if shortfall is greater than 10M plus) it lands in the lap of the Commonwealth of Kentucky. Also the City of Louisville has been kicking in 10M plus as of last few years. (my understanding)
2) The Athletic Department at the University of Louisville is reaping big bucks of this deal, Threatens to build own Arena on Campus to any change in the payment structure.
3) Do not U of L, UK, all "State Universities" receive aid from the Commonwealth, if the Commonwealth of Kentucky has to "kick-in" some amount on the "Bond", can not the Commonwealth cut amount of aid given to the University, by the Bond payment amount it would have to cover?
4) If this causes any increase in tuition at the University the students can thank the Athletic Department.

Because of this fiasco, and probably others we haven't heard about, UL can continue to falsely brag that their basketball program produces more income than any other.

 

[DCFseattle]

Monday KSR is supposed to have a guy from the state legislature on to explain the bailout. I forget his name, but he's the only Republican that voted against it, so a search into such things should yield easy results on his name.

 

[Kybluedude]

Why couldn't the state just withhold the annual state funding to UL until they renegotiate that criminal Yum Center lease. If they won't do the right thing then cut their voluntary state funding.

 

[~Keyser Soze~]

Why couldn't the state just withhold the annual state funding to UL until they renegotiate that criminal Yum Center lease. If they won't do the right thing then cut their voluntary state funding.

Because UL is too powerful for that. Mitch McConnell and them boys run things around here, he brings home the bacon and can take care of anyone he needs to.

 

[CBBCrazy]

Because UL is too powerful for that. Mitch McConnell and them boys run things around here, he brings home the bacon and can take care of anyone he needs to.

You said a mouth full, when is Kentucky going to get wise and get rid of Mitch ? He has done nothing to help this state in years, he helped kill the coal industry and on top of that. He is a lousy UL fan...I'm done