LOUISVILLE, KY (WAVE) - In four years, the KFC Yum! Center arena may default on bond payments. The main culprit is a nearly $34 million shortfall in revenue that was projected from Tax Increment Financing.
Weathering a recession and dealing with a two-year closing of the convention center certainly made the financial hole to dig out of worse.
Looming in 2029 are bond payments that nearly double each year from the current $21 million annually. What to do to survive until better days are ahead with a renovated convention center and new OMNI hotel?
The KFC Yum! Center is considered one of the best venues in the country for a concert or sporting event. No one wins if it no longer operates.
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