Louisville businessman Denis Frankenberger brings receipts to illustrate why the city is needlessly sending $10.8 million annually to help fund the KFC Yum Center.
On its 15th birthday, we are told that only 5.3% of the principle of the Yum Center has been paid. Frankenberger says that under the current lease agreement with the University of Louisville, taxpayers will ultimately cough up a BILLION DOLLARS to pay off the arena.
The original construction costs were estimated to be approximately $275 million, with various bonding strategies sending the cost north of $400 million.
In 2025, Frankenberger contends that the Louisville Arena Authority has multiple financial accounts that hold over $68 million so he questions why the city of Louisville must continue pumping nearly $11 million in annual subsidies while the arena is flush with cash.