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SBD/June 11, 2013/Facilities
Nationwide Arena Projected To Be Over Budget; '13 Surplus Expected To Cover Deficit
Published June 11, 2013
IN DENIAL? In Louisville, John Karman III noted city arena authority officials "spent most" of yesterday's monthly meeting "refuting media reports from last week that said event revenue at the KFC Yum! Center dropped in 2012." Louisville Arena Authority officials released figures indicating that revenue at KFC Yum! Center was $10.8M for the year, compared to $9.65M in '11. Louisville Metro Council President Jim King said that the venue had $5.3M in event revenue for the second half of '12, when AEG Facilities "took over as manager and operator" (BIZJOURNALS.com, 6/10).