Louisville Rumors

A third NBA owner said the $2 billion price for the Clippers should be “the starting point” for any expansion team’s entrance fee, whether in Seattle or the handful of other cities considered potential candidates for expansion — Las Vegas, Mexico City, Louisville, Kansas City or even Vancouver, which lost the Grizzlies to Memphis in 2001.
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.