The Rupp Arena TASK FORCE released its final report this morning and the plan calls for $250 to $300 million for the renovation. That renovation will include a transformation of Rupp Arena, the Lexington Convention Center, and the Civic Center Shoppes (Arby’s, Subway, the store with all the crystals and glass horses, and that Chinese place.)
The problem is the TASK FORCE doesn’t know where the funding will come from. According to The Herald-Leader, possible sources include new revenue from premium seating, advertising, sponsorship, concert/event promotions, concessions and parking associated with proposed plans. Private funding, federal grants, and tax credits will also be explored.
The timeline for the project is Spring 2015 through Summer 2017.
Let’s get to work.