LEXINGTON, Ky. (WKYT) - As the proposal to provide state-backed bonding to renovate Rupp Arena remains in limbo in the hours of the Kentucky legislative session, plans call for $2-million to come from selling the arena's naming rights.
That would be a hefty sum compared to other arenas and stadiums around the country.
It's the same amount as the homes for professional teams in Indianapolis, Pittsburgh, Seattle, and Detroit pulled in for their naming rights.
The Sprint Center in Kansas City commanded $2.5-million for its naming rights making it the most expensive to not be the home of a professional sports franchise. Census figures show the Kansas City metro area is home to just over two million people compared to less than 500,000 in the Lexington metro area.
The KFC Yum! Center in Louisville which is home to the University of Louisville Cardinals brought in just $1.3-million for its naming rights
Republican senators are reviewing the financing plan to renovate the home of the University of Kentucky men's basketball team. Senate President Robert Stivers remained non-committal after Senate Republicans met privately Tuesday to discuss issues that included Rupp Arena.