During a media briefing this afternoon, Governor Steve Beshear said that he’s asked the state to provide $65 million in bonds to the Rupp Arena renovation project, and that the total cost of the project will be around $310 million. Beshear said that the rest of the money for the renovation will come from the “community,” aka local and private funds.
The news comes on the heels of Lexington Mayor Jim Gray’s comments during his State of the City address that a new design for the Rupp renovation will come “in the next few days,” and Governor Beshear’s spokeswoman says that they hope to have the financial plan for the project completed in a few weeks.
After a long period of indecision, it seems like this project is finally moving forward.
Read more details at the Herald Leader. Now, let’s go beat the Aggies.