Louisville Arena Authority members during their May 2013 meeting.
LOUISVILLE, KY (WAVE) – Members of the Louisville Arena Authority were pleased Monday morning as they met and discussed the KFC Yum! Center's March numbers.
With four concerts and sporting events the downtown arena generated more than $100,000 than expected. That put them over $900,000 above yearly budget. The Arena Authority said with their strong numbers and improvements in operations, they're in full force to meet with Moody in June and try to improve their standard rating.
"I think we significantly improved on the operations side in my initial discussions," said Larry Hayes, chairman of the Arena Authority. "I think they're very pleased with the fact that you know we're going to show a pretty amazing operating profit this year I think."
A study commissioned by Greater Louisville, Inc. suggested Louisville's a long shot for an NBA team because there's not a strong corporate backing needed to buy luxury suites. Hayes said Louisville's not historically a city of corporations, but every day they're working at marketing Louisville as a great place to be able to operate.
"If you get a Corvette anywhere in the world they're made in Kentucky and you've got Toyota off and on the leading manufacturer in the world with their North American headquarters in Kentucky," said Hayes. "An NBA team wouldn't just be a Louisville asset it would be a state asset."
Hayes said the Arena Authority is not looking into any NBA teams coming to Louisville. Instead, they're focusing on great events and people in the doors.
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