In a story that has now been picked up by ESPN, today marks the end of the UK Basketball Museum in the Lexington Center as it was shut down for financial reasons. Ultimately the museum suffered from a lack of visitors and was unable to sustain itself financially. The University, which donates approximately $100,000 a year to the facility, will now use that money to pay off the debt for the museum and move the memorabilia to the Craft Center on campus. The University has said that it will not have a museum on campus, but will have displays of some memorabilia in public areas.
In the end, it is somewhat of a sad scenario as the UK basketball museum was an impressive creation and has been wonderful for all things, including recruiting. However ultimately it fell to the laws of the free market as not enough people wanted to visit to justify the cost that was required to maintain it in its current structure. The museum was a truly unique part of Kentucky basketball and its history, and it will be missed.