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Became a Dynasty Defender: Mar 30, 2006 12:38:57 GMT -5
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Post by blueedge - (KFWA) on Jan 17, 2012 13:49:06 GMT -5
www.wave3.com/story/16530240/moodys-puts-louisville-arena-authority-on-bond-rating-watchlistMoody's Investor Service is keeping an eye on one of the largest and most notable building projects in downtown Louisville. On December 13, Moody's put the Louisville Arena Authority on a watchlist for a possible bond rating downgrade regarding the KFC Yum! Center. The reason is because local businesses aren't bringing in as much money from taxes as predicted. .......the downtown businesses near the KFC Yum! Center, aren't making as much as the Louisville Arena Authority projected when getting financing, which is why they are on a watchlist.
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Became a Dynasty Defender: Apr 22, 2002 6:40:17 GMT -5
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Post by Riley on Jan 17, 2012 13:52:54 GMT -5
www.wave3.com/story/16530240/moodys-puts-louisville-arena-authority-on-bond-rating-watchlistMoody's Investor Service is keeping an eye on one of the largest and most notable building projects in downtown Louisville. On December 13, Moody's put the Louisville Arena Authority on a watchlist for a possible bond rating downgrade regarding the KFC Yum! Center. The reason is because local businesses aren't bringing in as much money from taxes as predicted. .......the downtown businesses near the KFC Yum! Center, aren't making as much as the Louisville Arena Authority projected when getting financing, which is why they are on a watchlist. Dufrene? Wonder if he's kin to Andy Dufrene?........... |
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Became a Dynasty Defender: Mar 30, 2006 12:38:57 GMT -5
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Post by blueedge - (KFWA) on Jan 17, 2012 13:54:48 GMT -5
apparently the guy pushing for the arena assuring everyone the financing would be OK has resigned ahead of the shitstorm and Frankfort lawmakers are considering some tax review to see if they can generate additional revenues if necessary.
fun times.
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Became a Dynasty Defender: Apr 19, 2006 15:04:55 GMT -5
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Post by stevem on Jan 17, 2012 17:00:06 GMT -5
Should be a good lesson for all those arguing for a new arena in Lexington.
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Became a Dynasty Defender: Jan 1, 2009 14:37:42 GMT -5
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Post by cincicat on Jan 17, 2012 18:03:02 GMT -5
Building arenas and stadiums with public money has never made money. About 15 to 20 years ago, Cincinnati raised taxes to pay for the new stadiums, but they were still paying for Riverfront Stadium. Then, the stadiums cost way more than the estimates. Blah, blah blah.
Stadiums and arenas are a bad investment for the taxpayer. These should be built on investor dollars. But we know why they are always built on tax dollars...investors never invest in stadiums. They know.
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Became a Dynasty Defender: Jul 8, 2004 11:19:34 GMT -5
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Post by KevinKat78 on Jan 19, 2012 4:02:51 GMT -5
In these days of horrible economy it would be tragic to build a new Gym for UK. Improving the one they got would be best. Besides UK is still #1 every year for attendance. Syracuse could rise above UK being #1 all season. That's not bad either since they could be #1 every year.
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Became a Dynasty Defender: Nov 5, 2007 22:58:38 GMT -5
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Post by catomic42 on Jan 19, 2012 7:42:20 GMT -5
Should be a good lesson for all those arguing for a new arena in Lexington. You tell 'em Steve!!! #th_laff# |
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Became a Dynasty Defender: Apr 2, 2006 10:30:59 GMT -5
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Post by Des Moines Rugby on Jan 19, 2012 7:55:43 GMT -5
there is a reason revenue bonds are riskier than General Obligation bonds....
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