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KFC Yum! Center White Paper

KFC Yum! Center White Paper

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Published by Albrecht Stahmer
An analysis of why the KFC Yum! Center is doomed for bankruptcy unless the current lease between the arena and the University of Louisville Athletic Association is renegotiated.
An analysis of why the KFC Yum! Center is doomed for bankruptcy unless the current lease between the arena and the University of Louisville Athletic Association is renegotiated.

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Published by: Albrecht Stahmer on Jan 29, 2013
Copyright:Attribution Non-commercial

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01/31/2013

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BILLION DOLLARBASKETBALL
 © 2013 Crystal Publications, LLC. All rights Reserved.www.billiondollarbasketball.comAuthor – Denis Frankenberger
 
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Billion Dollar BasketballCover Illustration and ContentCopyright © 2013 by Crystal Publications LLCAll rights reserved.No part of this document, in part or whole, may be reproduced or transmitted in anyform or by any means without attribution, which includes the name of the author and hispublisher.The content herein is from the public domain and is intended for informational purposesonly. Although the author has made every effort to ensure that the information providedin this White Paper is correct at the time it was released, the author does not assumeand hereby disclaims any liability to any party for any loss, damage, or disruptioncaused by errors or omissions regarding any of the content provided in this WhitePaper. Reader assumes full responsibility for use of information contained herein. Theauthor reserves the right to make changes, corrections and/or updates without notice.The author assumes no responsibility or liability whatsoever on behalf of the reader ofthis White Paper or use of the content on the URL:www.billiondollarbasketball.com.The full text of this White Paper with supporting documents and any updated content orcorrections, if any, can be accessed without charge through the Internet by enteringyour email address at the following URL:www.billiondollarbasketball.com 
 
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Why the KFC Yum! Center will fail and leave tax payers onthe hook:
Over $800 million in Debt
Operating Costs Exceeding $92,000 per Day
Lease Giving Away Millions to Tenant and Others
Losing more than $50,000 per day during 2011, more than$37000 per day during 2012
More than $30 million in losses since opening
Financial Impossibility to Succeed
A Lease that is Choking the Financial Life from the Arena
(unless the Lease is renegotiated)
 

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