Report: Arena Authority has arranged new construction financing - WDRB 41 Louisville News

Report: Arena Authority has arranged new construction financing

The money may finally be in place for Louisville's new downtown arena.  A national business publication is reporting the Arena Authority has arranged new construction financing.

While work continues to clear the arena site, national economic problems have made it difficult to sell bonds, which will pay for construction.

A bond sale last month was put off at the last minute because of questions about the financial health of the bond insurer.

The Arena Authority hopes to release full details of the new bond agreement Thursday.

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