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Kentucky Lawmakers Ask For Audit Of KFC Yum! Center Amid Financial Concerns

A committee comprised of Kentucky lawmakers voted unanimously Tuesday to ask State Auditor Mike Harmon to "audit the Louisville Arena Authority, which oversees the KFC Yum! Center, due to ongoing concerns about the facility's finances," according to Morgan Watkins of the Louisville COURIER-JOURNAL. State Sen. Julian Carroll, a member of the committee, said, "Our primary concern is the financial future of the Yum! Center, and within the next couple of years we’re going to have a financial crisis on our hands." He added that he "worries about the Yum! Center's ability to cover its future debt payments." State Sen. Chris McDaniel, another committee member, said that the arena's arrangement with the Univ. of Louisville, whose basketball teams play at the Yum! Center, is "another concern." He explained that the school's athletic programs "reap a 'tremendous profit' from their partnership with the Yum! Center" (Louisville COURIER-JOURNAL, 10/19).

PRO PLAYER? Louisville-based lawyer J. Bruce Miller said that he is "in negotiations with four potential NBA ownership groups" about bringing an NBA franchise to the city, but that he was "not at liberty to name names." He said that he is "'one meeting and one signature away' from a cable television deal with Charter Communications." He added that naming-rights fees "could help finance extensive renovations to Freedom Hall if a deal can’t get done" at the Yum! Center. In Louisville, Tim Sullivan noted Miller has been "chasing an NBA franchise with a singular passion" since '76 (COURIER-JOURNAL.com, 10/19).

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