From Frankfort

Auditor Mike Harmon hopes all parties will commit to put KFC Yum! Center on stable financial ground

05/19/2017 03:16 PM

State Auditor Mike Harmon is concerned that the KFC Yum Center could fail to make their bond payments as early as 2020. The financial review of the Louisville Arena Authority, released on Thursday by Harmon’s office, found that the group missed annual payment deadlines under a lease agreement with its key tenant – the University of Louisville Athletic Association. The report attributes the delay in payment to ULAA and LAA not providing information to each other in a timely manner.... Read more 

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