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U of L approves revised Yum! lease after tense discussion

Related Topics: KFC Yum! Center, Yum! Brands

Home > News > U of L approves revised Yum! lease after tense discussion

By Shelby Brown–

U of L’s board of trustees heatedly debated the reworked KFC Yum! Center lease agreement before it passed 7-2 with four abstentions, one being John Schnatter.

The revised lease agreement asks U of L pitch in to pay off arena debts. Seat sales at the arena aren’t generating enough money to cover the payments, which are due in 2019. Despite ULAA and the Louisville Arena Authority passing the revised lease, trustees’ uncertainty nearly tabled the deal.