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Rupp Arena clubhouse expansions are $4.8 million over budget

The new Rupp Arena expansions are nearly $5 million over the original budget.

According to Beth Musgrave of the Herald-Leader, University of Kentucky and Rupp Arena officials are scheduled to meet in the near future as they attempt to work through a budget overrun that has them on the hook for an additional $4.8 million. Back in 2018, the Lexington Center Corporation agreed to spend $12 million on four clubhouses. However, documents provided at Thursday’s Lexington Center board meeting showed that the cost to construct just three clubhouses had already surpassed $16,849,259. 

The fourth clubhouse has yet to begin construction.

UK and the Lexington Center signed a new 15-year lease back in 2018 that would keep the Kentucky Men’s Basketball Team playing inside of Rupp until 2033. The University is expected to pay in excess of $100 million over the life of the contract, and one of the stipulations within the agreement was that the Lexington Center would spend $12 million to build four clubhouses.

According to Bill Owen, president and CEO of Lexington Center Corp, the overspend is a result of bad timing. Here’s what Musgrave wrote about Owen’s reasoning:

The lease with UK was signed before final designs for the Rupp Arena and convention center project were completed. That was necessary because UK’s lease and 15-year commitment to continue to play at Rupp Arena were key parts of the financing for the $300 million convention center and upgraded arena project.

Musgrave also said that the total cost of construction has risen since 2018. The clubhouses are currently in limited use to COVID-19 protocols.

[Herald-Leader]

Article written by Zack Geoghegan

Recruiting reporter for KSR. Follow me on Twitter: @ZGeogheganKSR

11 Comments for Rupp Arena clubhouse expansions are $4.8 million over budget



  1. RealCatsFan
    10:44 pm January 21, 2021 Permalink

    Take half of Cal’s salary to close the gap. Problem solved.



    • Bluehender
      7:25 am January 22, 2021 Permalink

      Bingo



  2. lexslamman
    11:05 pm January 21, 2021 Permalink

    At this point does anyone really want to buy one of these things? Extra Covid-19 risk for a higher price to watch a poor excuse for a team.



  3. CPACAT
    7:28 am January 22, 2021 Permalink

    Go watch your local HS team for $5; you’ll see the same level of basketball and save significant time, money, hassle in the process.



    • Bluehender
      7:49 am January 22, 2021 Permalink

      Good one…



    • Bluehender
      7:50 am January 22, 2021 Permalink

      …except we can’t get in to those



  4. dkcr96
    7:35 am January 22, 2021 Permalink

    Beer sales might help put a dent in this. Problem is we’re all too poor to know how to act when we drink.



  5. CahillsCrossingNT
    7:36 am January 22, 2021 Permalink

    They should move back into Memorial since they’ve fallen so far from elite status.



    • Bluehender
      7:51 am January 22, 2021 Permalink

      In your dreams they already have..right?



  6. pbjuk
    12:07 pm January 22, 2021 Permalink

    They’re going to lose a lot of money with inflation due to new administration and loss of season ticket sales.



  7. sonnyg333
    8:36 am January 23, 2021 Permalink

    If your still a players only fan and still a fan of the program itself you will be able to pay dearly to see the Wildcats take a knee..