FRANKFORT, Ky. (WKYT) - Mayor Jim Gray and Governor Steve Beshear will push lawmakers to approve $65M in state funds the renovation project when lawmakers reconvene on Monday.
According to a report in the Lexington Herald-Leader, University of Kentucky officials say there are still outstanding issues in their deal with Rupp Arena.
The estimated price tag for the Rupp renovation is $310M.
Mayor Jim Gray, along with Governor Steve Beshear have pushed the state legislature to include $65M in state money to fund the project, but lawmakers say they don't know enough about the full financing for the project, including the university's contribution.
Gray has said that the details of UK's involvement were not ready to be made public, but a UK spokesman told the Herald-Leader that the university has not signed a new lease with the arena because of "outstanding issues that have not been resolved."
Gray told lawmakers at a meeting in March that not getting funding would be "a stake through the heart of the project,".
The legislature returns to Frankfort to wrap up the session this week.
Mayor Gray and Governor Beshear will push them to approve that financing package.
Back in March, the Senate and House approved a much smaller amount, $1.5M contingent upon the city matching those funds.
Last Tuesday, Gray proposed $40M in city bonds for the project.
The City Council hasn't voted on that proposal yet.