Here's a new update from BG's paper today. I'll just put part of it, it's a long and boring article.
On a side note, it will take a miracle for a team to be here next year, unless they play at Western KY's stadium. I drove by the proposed site, the other day, and unless they can bulldoze a handful of buildings, soon, it won't happen.
...The downtown pieces include a minor-league baseball stadium on one block, for which investor Art Solomon has pledged to buy a major-league-affiliated team to locate in Bowling Green for at least 20 years, with local investors having first option to buy the team after that; at least one upscale hotel, with a small nearby conference center; an 800-space parking garage; and a variety of unspecified shops, restaurants, apartments, condominiums and offices. On Western's end, the agreement includes renovation of Van Meter Auditorium and construction of two parking lots, with a recently announced private development called The Boulevards at Bowling Green possibly sharing in TIF funding.
The city's deal with Alliance calls for the sale of $100 million in bonds to help build many of the planned projects. It specifies that 80 percent of the eligible money from future tax revenue will go to help pay off those bonds, with about 85 percent of that tax money coming from what would otherwise have gone to the state.
The county would be committing 80 percent of its future revenues within that area to the project, Kelley said.