'Team Rupp' memberships were key in arena funding failure, senat - News, Weather, Sports, Toledo, OH

Senators say 'Team Rupp' memberships were key in arena funding failure

FRANKFORT, KY (WAVE) - Fan memberships to fund part of the Rupp Arena renovations became a key sticking point that doomed the effort to finance the improvements, Kentucky senators said.

Lexington officials expect to receive $35 million from fans buying a stake in the $310 million arena and convention center rebuild, Republican Senate President Robert Stivers said.

"What happens if this $35 million amount is not met?" Stivers asked Wednesday, hours after lawmakers adjourned for the year. "It's not a simple issue of, here's the money, go build the project."

Stivers and Democratic House Speaker Greg Stumbo both said the proposed $80 million in state bonding for the project wasn't worthy of a special session.

Only Gov. Steve Beshear has the power to call lawmakers back to Frankfort. In separate statements Wednesday, Beshear said he remained committed to the project but hadn't decided whether to call a special session.

"It's too early to determine if a special session on any topic is prudent or needed," Beshear said.

The extra sessions cost taxpayers about $65,000 a day.

The $300 arena memberships, which Lexington officials expect 140,000 fans to purchase, are one of the issues that concerned senators over the last two weeks.

The University of Kentucky also hasn't signed a new lease with the city-owned arena, something project supporters are counting on as a major part of the financing plan.

"The questions that the Senate kept asking are going to require answers before they can move forward," Stumbo said. "(Lexington and UK officials) are going to have to give those answers, and it doesn't appear they can do that right now."

Stumbo lamented that construction costs will likely increase, even though lawmakers say there's no deadline for the project.

Copyright 2014 WAVE 3 News. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Dave & Buster's reopens Friday after Lucas Co. Health Department confirms case of Hepatitis A

    Dave & Buster's reopens Friday after Lucas Co. Health Department confirms case of Hepatitis A

    Friday, April 20 2018 6:30 AM EDT2018-04-20 10:30:51 GMT
    (Source: WTOL)(Source: WTOL)

    A confirmed case of Hepatitis A has been diagnosed to a food handler who works at at Dave and Buster's near the Franklin Park Mall. The Toledo-Lucas County Health Department warns that anyone who consumed any food or drink from the restaurant between March 1 through March 29 has been exposed to the virus and should get tested.  Dave and Busters has set up a phone line for people with questions or concerns at  is 844-344-94-44. Follow WTOL:   Download our app he...

    More >>

    A confirmed case of Hepatitis A has been diagnosed to a food handler who works at at Dave and Buster's near the Franklin Park Mall. The Toledo-Lucas County Health Department warns that anyone who consumed any food or drink from the restaurant between March 1 through March 29 has been exposed to the virus and should get tested.  Dave and Busters has set up a phone line for people with questions or concerns at  is 844-344-94-44. Follow WTOL:   Download our app he...

    More >>
  • Fire destroys north Toledo home

    Fire destroys north Toledo home

    Friday, April 20 2018 6:03 AM EDT2018-04-20 10:03:09 GMT
    (Source: WTOL)(Source: WTOL)

    The homeowner was at work at the time of the fire. 

    More >>

    The homeowner was at work at the time of the fire. 

    More >>
  • Walleye defeats Indy 3-2 in double OT

    Walleye defeats Indy 3-2 in double OT

    Friday, April 20 2018 6:01 AM EDT2018-04-20 10:01:48 GMT

    After double overtime, the Toledo Walleye came out on top and beat the Indy 3-2 Thursday night for a sweep in the series. Even though the fish had a 3-0 lead in the first round playoff series, the toughest thing to do in hockey is to beat a desperate team on their home ice.  Halfway through a second overtime Kyle Bonis sets up Christian Hillbrich to score the game winning goal.  The Walleye now advances to the second round. They will play the winner of the Fort Wayne and ...

    More >>

    After double overtime, the Toledo Walleye came out on top and beat the Indy 3-2 Thursday night for a sweep in the series. Even though the fish had a 3-0 lead in the first round playoff series, the toughest thing to do in hockey is to beat a desperate team on their home ice.  Halfway through a second overtime Kyle Bonis sets up Christian Hillbrich to score the game winning goal.  The Walleye now advances to the second round. They will play the winner of the Fort Wayne and ...

    More >>
Powered by Frankly