We are told by Bill Owen, the President and CEO of the Lexington
Center, that plans to build a new arena are still in the works. UK's
lease with Rupp Arena expires in 2018.
In December UK decided to open the arena deal to allow bids from other
companies besides IMG.
The deadline for those proposals was recently extended to mid-May.
Owen says he feels like a new arena will be built near the existing
Rupp Arena in the near future.