Steelers, don't kid yourself. LPT may spin this as a matter of choice. But Lexington had proposed a huge project in 2012--close to $300 million--that involved a major modernization of Rupp Arena. See page 12 of this
LINK for details that included suites, clubs, and all chairback seating in addition to the stuff they're doing.
2012 was obviously just after Bailout Arena opened, and LPT was supposed to be getting its slice of the economic pie. Unfortunately for them, 2012 was also just before the financial realities of Bailout Arena started leaking out. When political hacks realized what was going on at 2nd & Main, that $300 million investment just 75 miles east of here became a pipe dream.
For a little perspective close to home... When Freedom Hall was vacated by U of L after the 2009 season, it was 53 years old. In 2033 when this new LPT lease runs its course, Rupp Arena will be 57 years old. Freedom Hall is 61 years old as it sits; anyone been inside lately?
I've said it many times... The effect that the Bailout Arena debacle has had on LPT and Rupp Arena is one of the few benefits I can attribute to its construction. And that effect will likely still be reverberating even out to end of the new LPT lease. I have little doubt that they wouldn't otherwise be building a new or extensively renovated arena of their own. Instead they got to remove the big, white horn monstrosity over midcourt and hang a new videoboard. Wheeee!!
"Elite program", my a$$...