Sunday, May 19 2013 9:56 AM EDT2013-05-19 13:56:30 GMT
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LOUISVILLE, KY. (WDRB) -- It looks like finances for the KFC Yum Center are moving in the right direction.
Arena Authority Chairman Larry Hayes explains, "You look at August, which is a very slow month for indoor arenas -- and we had a very profitable month. Our revenue is up and our expenses are down based upon our budgets."
The Arena Authority met Monday morning, and Hayes says with recent concerts the arena is making money, but it still needs more to help fund its operation.
Metro government is already set to pay the Arena Authority more than $6 million in November. The board has asked Metro Government for the maximum contribution from the city.
The authority has also hired Hillard Lyons to act as a financial advisor.