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.