Kentucky

The Louisville, Ky. Arena Authority now plans semi-annual conference calls to discuss the status of bonds it sold in 2008 to build the 22,000-seat KFC Yum! Center.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

BRADENTON, Fla. — Lower income and high operating expenses at Louisville’s KFC Yum! Center prompted Moody’s Investors Service Tuesday to drop the rating on the arena bonds to below-investment grade.

BRADENTON, Fla. — Kentucky is seeking proposals from qualified teams to build its half of the Louisville-Southern Indiana Ohio River Bridges Project.

BRADENTON, Fla. — The Federal Highway Administration Friday approved a supplemental environmental impact statement that is a significant milestone toward starting construction on portions of the $2.6 billion Ohio River Bridges Project later this year.

BRADENTON, Fla. — The Kentucky Legislature Monday begins a special session called by Gov. Steve Beshear after legislators failed to pass a transportation budget last week.

CHICAGO — The governors of Kentucky and Indiana Monday released the first comprehensive financing plan for a massive $2.6 billion bridges project that will rely heavily on tolls.

BRADENTON, Fla. — The Kentucky Turnpike Authority plans to price $256 million of new-money revenue bonds next week.

Kentucky Gov. Steve Beshear and Sen. Damon Thayer joined forces Tuesday to sponsor a bill that would authorize a statewide referendum asking voters to allow expanded gambling in up to seven locations.

Two Kentucky senators are co-sponsoring a bill that would ban tolls on existing Interstates, according to the Courier-Journal.

Kentucky has begun the search for contractors interested in designing and building its portion of the Louisville-Southern Indiana Ohio River Bridges Project.

Kentucky Gov. Steve Beshear is proposing to fund his state's half of the massive $2.6 billion Ohio River Bridges Project with federal funds and toll revenue bonds over the next six years.

Kentucky Senate President David Williams last week expressed concern over the divided work and funding plans that were recently proposed for the $2.6 billion Ohio River Bridges Project.

The independent financial advisory firm, C.D. Bowling & Associates in Lexington, Ky., has changed its name to Civic Finance Advisors LLC and added three new partners.

Louisville, Ky.-based Hilliard Lyons has hired Chicago-based banker Alexander Rorke to lead an expansion of its public finance banking business across the firm's 13-state footprint.

Kentucky and Indiana officials announced last week that they reached consensus on a basic plan to finance and build the $2.6 billion Ohio River Bridges Project.

BRADENTON, Fla. - The Louisville and Southern Indiana Bridges Authority is asking construction industry professionals and others to help it build the Ohio River Bridges Project faster and less expensively.

Kentucky’s general fund receipts for July, the first month of fiscal 2012, were $693.2 million, a 6.9% rise from last July, budget director Mary Lassiter said.

Kentucky Gov. Steve Beshear said last week that the state closed fiscal 2011 with a $156.8 million general fund surplus due to the strength of positive revenues that exceeded budgeted levels.

BRADENTON, Fla. - The Kentucky Transportation Cabinet on Monday filed a motion in federal court to intervene in a lawsuit that the agency believes could delay the long-planned Ohio River Bridges Project.