Originally Posted by WMR
You should read that report and educate yourself. The YUM!, to this point, has been HORRIBLE for everyone in the city of Louisville from a financial standpoint.
The arena is hemorrhaging money and has done so since it opened its doors.
Don't have to read the report, my wife works for the city, in budgeting. I'm a UK guy WMR, not trying to undermine that there are problems, but its probably not as bad as being portrayed in this forum.
I'd rather have the YUM in town than not have it. The money will get worked out in time. No, its not ideal, but the taxpayers have a limit that they are out each year. 9. something million, can't remember the exact number, and the first couple years have been UNDER that number. I'm not suggesting thats great, but it's not as negative as it could be.
Josh is right, the rest of the area hasn't exploded like anticipated. We have a downtown, but its not like the Banks in Cincy just yet. It's a little too generic overall, but over the last year thats starting to turn with new restaurants like Manny and Merle, and others in the old Whisky row.
Yes right now its not a great situation, long term though YUM will benefit downtown and the city more than it will hurt taxpayers.
WMR, love ya brother, but you are pointing the finger at little brother here and honestly its coming off as more of that UK arrogance we always get blamed for. I want to beat UofL every single time we play, basketball, football, table tennis, tiddlywinks, I don't care the sport, but I won't suggest the whole university is out to screw over the state much less the people in the town in represents. There are a lot of good people at that school who want the STATE to grow just as much as the city or university. Louisville is different than the rest of the state, I can attest to that, but they are still part of that state.
I'm not saying theres not a discussion to be had here, but let's turn it into that discussion and not UK vs UofL.