Yum! Center Losing $1 Million Per Month

01/31/2013 01:13 PM

According to Louisville entrepreneur Denis Frankenberger, the KFC Yum! Center is losing $1 million per month and roughly $50,000 per day thanks to a lease agreement that favors the University of Louisville.

Click here to read more about why Frankenberger believes taxpayers should be worried.

Frankenberger, who ran an independent study of the lease and the operations of the arena, found that the facility is nearly $800 million in debt as of today and that reports of a $1.5 million profit in 2013 are “as much of a fantasy as Manti Te’o‘s girlfriend.”

Here’s an excerpt from today’s press conference:

Be sure to watch Pure Politics (7:00pm and 11:00pm), cn|2 Sports (6:30pm and 10:30pm) and KSTV (7:30pm and 11:00pm) for the latest developments on Louisville’s arena situation and it’s effect on the Commonwealth.

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