WKYT | Lexington, Kentucky | News

Budget seeks $65M in bonds for Rupp renovation

FRANKFORT, Ky. (AP) - 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 proposal is part of nearly $1 billion in General Fund bonds for construction projects included in Beshear's 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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 241532791 - wkyt.com/a?a=241532791
Gray Television, Inc.