The arena bond sale has successfully taken place. After seemingly endless negotiations, market ups and downs, and potholes everywhere in the road, the Louisville Arena Authority finally has the money secured to begin construction on the the downtown facility.
The deal was announced at 3:00 p.m. today after arena chairman Jim Host called an emergency meeting. The new budget for the mega-project dropped some $25 million to $227 million, and the deal struck today has raised $334 million to cover all construction costs for the facility.
- Louisville Arena Authority (Official Site)
- Louisville Arena Project raises funds to begin construction (Fox 41)
- Arena authority completes financing (C-J)