Sunday, March 9 2014 8:35 PM EDT2014-03-10 00:35:58 GMT
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LOUISVILLE, KY. (WDRB) -- The Louisville Arena Authority says it's pleased that Standard and Poor's has recognized steps the arena has taken to improve operations.
In its report, the S&P maintained the bond rating and assigned it a negative outlook. It cited improved operations, a successful U of L basketball program, and bringing in AEG to manage the facility.
Arena Authority Chairman Larry Hayes said Monday, "We've got a lot to do. I think the TIF district with all the activity that is going on, we're quite optimistic it will continue to grow. The question will be what rate, I think."
The Chairman says AEG has exceeded budget expectations for the first four months.