Arena Authority pleased its improvements in operations have been - WDRB 41 Louisville - News, Weather, Sports Community

Arena Authority pleased its improvements in operations have been recognized

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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.

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    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.