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| Copyright 2001, all rights reserved. |
| Louisville, Kentucky |
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| Why Should an NBA team move to Louisville? These reasons for an NBA team moving to Louisville came from a letter to Sports Business News from J. Bruce Miller, the attorney hired by Louisville to attract a team. The article can be found in the Latest News section of this site. * INC. Magazine has rated Louisville the 12th "hottest" metro area to start and grow a business; and Lexington was rated as the 11th "hottest" small metro market. Both Louisville/Lexington are ahead of New Orleans and St. Louis. * Scarborough Research Institute revealed a study in August, 2001 indicating that Louisville's level of NBA interest ranked 6th in the nation, ahead of many cities with an NBA franchise and far ahead of New Orleans and St. Louis. * No competing cities have completed a feasibility study (as has Louisville [PricewaterhouseCoopers]) which will be required by the NBA transfer committee. * J. Bruce Miller has made private arrangements with a NYSE company for first rights of refusal for naming rights. This company is not necessarily located in Kentucky-- GM is not located in Vancouver, nor is Errickson located in Charlotte, nor is Staples located in LA, nor RCA located in Indianapolis, etc. * Louisville has an arena design that has been completed by a local architect in conjunction with Ellerbe-Beckett * The City of Louisville has only issued $67m in bonds and has a constitutional capacity of $980m, and no referendum is required in Kentucky in order to accomplish these bonds. * The Courier-Journal has reported in November, 2000 we have the help and assistance of 'New York-type' financial advisors who are working on the financing package for a new arena. * Freedom Hall is one of the classic arenas in having been the host to 6 or 7 NCAA Finals, and is still an acceptable venue, prior to the construction of a new one. * Louisville has recently passed (November 2000) a merger of its city and county, which will rank Louisville in the top 20 of cities in population. * Street & Smith's Business Journal last year, ranked Louisville ahead of both New Orleans and St. Louis as a viable NBA market. * The ABA Kentucky Colonels ranked 5th in the combined ABA/NBA in attendance in the last several years of the ABA's existence. * The 'biggest' successes in NBA franchises, recently, have been mid-sized cities (not NO or St. L.) i.e. Salt Lake City, San Antonio, Indianapolis, Portland, Sacramento, etc. |
| Why Louisville? |
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