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Commonwealth Stadium Renovation Plan Coming Soon

commonwealth

A source tells KSR that the details of the major Commonwealth Stadium renovation bonding request should be coming very soon. A press conference is scheduled tomorrow with the Governor, Speaker of the House and Senate President, in which the details of various funding requests are discussed. As part of that discussion, it is expected that we will know exactly what UK has requested for its Commonwealth Stadium renovation and other projects.

Stay tuned to KSR tonight and tomorrow for details…

Article written by Matt Jones

12 Comments for Commonwealth Stadium Renovation Plan Coming Soon



  1. Texas Cat Fan 11
    4:32 pm January 9, 2013 Permalink

    Matt, the second round of the NCAA Football 14 cover vote is live on Facebook. Don’t forget to remind people to vote for Kentucky!



  2. rick
    4:39 pm January 9, 2013 Permalink

    I hope they add more touchdowns!



  3. J-Huh
    4:42 pm January 9, 2013 Permalink

    Soon like website redesign soon? Or soon for real?



  4. Manchester
    4:49 pm January 9, 2013 Permalink

    Robert Stivers making his debut as Senate President tomorrow! #StandUpManchester



  5. Brad in Portland
    4:58 pm January 9, 2013 Permalink

    I like what #2 said.



  6. MrSpeaker
    5:09 pm January 9, 2013 Permalink

    And I was so looking forward hearing Ryan’s reports of his phone calls to his assigned representative/senator.



  7. Demand Action BBN
    5:19 pm January 9, 2013 Permalink

    Just scroll down to find your KY House Rep. and your KY State Senator. I believe Gov. Beshear is well on-board but contact him as well. Ask them to support the bonding request for CWS.
    http://kentucky.gov/government/pages/branches.aspx



  8. Common Sense
    5:20 pm January 9, 2013 Permalink

    What are the odds of the money getting appropriated given Kentucky’s budget situation?



  9. CPACAT
    5:37 pm January 9, 2013 Permalink

    #9) Ok, let’s go over this again…they are not requesting MONEY to be appropriated by the Commonwealth, they are requesting that the Commonwealth release a portion of it’s bond funding “capacity” to the project. The actual cash funds come from individuals, retirement plans, mutual funds, etc. – anyone with funds to invest – who “buy” the bonds. The University athletics program then repays these bond holders (with interest) over time (typically 20-40 years). These type of investments are generally very safe (low risk), but are also at relative modest interest rates 1-3% return right now.

    Lesson’s over…



  10. CPACAT
    5:43 pm January 9, 2013 Permalink

    Oh wait, lesson’s not over…I meant to add that in most states large public institutions (like Universities) have their own bond funding capacity, similar to the Lexington-Fayette Co Government or any County Government in Kentucky. But Kentucky does not allow, for some (probably political) reason, Universities to issue their own bonds. They must issue through the Commonwealth, therefore “using up” a portion of the Commonwealth’s capacity when they do. Hence the resistance from some in state government.



  11. Deacon
    8:46 pm January 9, 2013 Permalink

    Can we please have seatbacks? – said 85% of season ticket holders.