Louisville Rumors

Three separate groups of investors who are interested in financing a professional basketball franchise based in Louisville are reportedly expressing a willingness to help pay to bring Freedom Hall up to NBA standards. That cost may be around $150 million, said Jason Rittenberry, president and CEO of Kentucky Venues, the newly rebranded Kentucky State Fair Board. It oversees the state-owned, 60-year-old Freedom Hall situated in the center of the Kentucky Exposition Center.
Storyline: NBA Expansion
In a recent interview, Louisville lawyer J. Bruce Miller said he is working with no fewer than three separate investment groups interested in backing Louisville’s effort to secure a pro basketball team. Miller said each of the three groups is aware that two other groups share the Louisville NBA ambition — but they don’t know who the potentially competing investors are. And Miller isn’t disclosing any names at this point.
Louisville Metro Councilman Dan Johnson submitted a revised version of his NBA resolution on Thursday after fellow members and other groups abandoned the initial proposal because it was based on anonymous sources. The new measure says Louisville has a longstanding love affair with basketball that would greatly benefit from a professional franchise. Johnson’s original proposal had said the league was preparing to proceed with expansion based on unnamed sources.
Storyline: NBA Expansion