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RUPP ARENA RENOVATIONS
Beshear budget requests $65M in bonds for Rupp renovation, total cost estimated at $310M
Reported by: Associated Press
Reported: Wednesday, January 22, 2014 1:16 PM EST
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 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.
Information from: Lexington Herald-Leader, http://www.kentucky.com