Arena Authority Board discusses future of KFC Yum! Center - News, Weather & Sports

Arena Authority Board discusses future of KFC Yum! Center

Posted: Updated:

LOUISVILLE, KY (WAVE) - In Monday's Arena Authority meeting, chairman Larry Hayes said while there is a lot of work to be done, they're very positive in the operation of the arena with their bookings and event attendance.

"It looks like it's going to be a tremendous year for us in terms of new events coming in and how well these events have been received in the community," Hayes said, "so financially it's going to be a very positive year."

The numbers are in the negative, but the board has a positive outlook on the figures.

In the meeting, the finance department said the KFC Yum! Center has a net profit of negative $124,875, but they projected a loss of $178,365, a sign they said that sales are growing and will continue to grow.

"We look at what we think is going to be coming into this building and what's going to be announced in the next three or four weeks and the concerts we already have that are on sale that are already sold out," said Hayes.

The board is also proposing to hold the 2016 U.S. Olympic Swim Trials here in Louisville. As other cities have done, they'd build a temporary pool in the KFC Yum! Center which would close it to other events for seven weeks.

We'll let you know if the proposal is a success.

Copyright 2012 WAVE News. All rights reserved.