2020-11-16T08:35:45-06:00 2019-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2019-01-01 204230414 LOUISVILLE ARENA AUTHORITY INC LOUI 5026909096 ONE ARENA PLAZA LOUISVILLE KY 402021363 WILLIAM SUMMERS V VICE-CHAIRMAN 5026909096 2020-11-09 1 JEFFREY K MCCAFFREY P00938853 5024269660 174.47.177.202 2020-11-09 09:30:20 ES P 45E285862AF87A4EA44DC33084CA078B27E047EF CE7AB22A8AA8BB8FD2D7F6165350DDDE7836A4D9 2019 2021-01-29 14:40:06Z WILLIAM SUMMERS V ONE ARENA PLAZA LOUISVILLE KY 402021363 36241787 0 X WWW.KFCYUMCENTER.COM X 2006 KY TO FINANCE AND OVERSEE THE MANAGEMENT OF A MULTI-PURPOSE ARENA IN DOWNTOWN LOUISVILLE, KY. THE ARENA IS A VENUE FOR A VARIETY OF COMMUNITY-ORIENTED EVENTS AND OPERATES YEAR-ROUND. 14 14 0 25 0 0 29331132 29986162 3658542 4482340 650274 1273285 628570 500000 34268518 36241787 0 0 0 0 0 0 0 0 0 28216760 28049566 28216760 28049566 6051758 8192221 388069105 396734353 387407120 387880147 661985 8854206 X TO FINANCE AND OVERSEE THE MANAGEMENT OF A MULTI-PURPOSE ARENA IN DOWNTOWN LOUISVILLE, KY. THE ARENA IS A VENUE FOR A VARIETY OF COMMUNITY-ORIENTED EVENTS, WHICH WILL GENERALLY BE OPEN TO THE PUBLIC, INCLUDING UNIVERSITY OF LOUISVILLE MEN'S AND WOMEN'S BASKETBALL GAMES, CONCERTS, FAMILY SHOWS AND OTHER EVENTS. 0 0 27137756 4982340 THE LOUISVILLE ARENA AUTHORITY WAS CREATED IN 2005 UNDER THE DIRECTION OF THEN KENTUCKY GOVERNOR ERNIE FLETCHER AND OVERSEES THE FINANCIAL PROCESS OF THE KFC YUM! CENTER. THE ARENA AUTHORITY GUIDED THE DEVELOPMENT, FINANCING AND CONSTRUCTION PROCESS OF THE $238 MILLION ARENA. IT ALSO SELECTED FINANCING, CONSTRUCTION, DESIGN AND MANAGEMENT PARTNERS, WHICH INCLUDES AEG MANAGEMENT AS THE CURRENT MANAGING AND OPERATING ENTITY. SINCE ITS OPENING, THE KFC YUM! CENTER HAS HOSTED UNIVERSITY OF LOUISVILLE MEN'S AND WOMEN'S BASKETBALL GAMES, NUMEROUS CONCERTS AND FAMILY SHOWS AND PRIVATE EVENTS. INTEREST IN THE FACILITY REMAINS HIGH, AND AS A RESULT, NUMEROUS NEW BUSINESSES HAVE OPENED NEAR THE ARENA. AS ANTICIPATED, THE ARENA HAS LED TO ADDITIONAL ECONOMIC DEVELOPMENT IN DOWNTOWN LOUISVILLE. 27137756 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 KY X JUSTIN JOKOVICH 5026909096 ONE ARENA PLAZA LOUISVILLE KY 402021363 X MARK BLAYNEY DIRECTOR 1.00 X 0 0 0 WILLIAM SUMMERS V VICE-CHAIRMAN 5.00 X X 0 0 0 JOHN HODGSON DIRECTOR 1.00 X 0 0 0 DON PARKINSON DIRECTOR 1.00 X 0 0 0 THOMAS LISTON DIRECTOR 1.00 X 0 0 0 STEVE ROWLAND DIRECTOR 1.00 X 0 0 0 LARISSA REECE DIRECTOR 1.00 X 0 0 0 MICHAEL JONES DIRECTOR 1.00 X 0 0 0 DEEPAK TIWARI DIRECTOR 1.00 X 0 0 0 TIMOTHY MULLOY DIRECTOR 1.00 X 0 0 0 LESLIE GEOGHEGAN CHAIRWOMAN 10.00 X X 0 0 0 DARRIN MCCAULEY DIRECTOR 1.00 X 0 0 0 ANDREW OWEN DIRECTOR 1.00 X 0 0 0 DAVID JAMES EX-OFFICIO 1.00 X 0 0 0 0 0 0 0 0 0 0 AEG MANAGEMENT LOUISVILLE LLC 1111 S FIGUEROA ST STE 3100 LOS ANGELES CA 90015 OPERATIONS MANAGEMENT 736058 ROBERT W BAIRD & CO 500 WEST JEFFERSON ST STE 700 LOUISVILLE KY 40202 CONSULTING 120000 2 22203173 7782989 29986162 OPERATIONS CONTRACT 711300 2680137 2680137 SUITE & PREMIUM SEATING 711300 1611428 1611428 OTHER OPERATING INCOME 711300 190775 190775 4482340 1273285 1273285 DEBT FORGIVENESS 900099 500000 500000 500000 36241787 4982340 0 1273285 41643 41643 69883 69883 249059 249059 936652 936652 12078 12078 17054426 16826100 228326 8930404 8810843 119561 191260 191260 SUITES-SPONSORSHIPS & F 564161 564161 28049566 27137756 911810 0 62618745 78003972 1171853 1177801 125537 217237 406317122 88991779 324142970 317325343 10000 10000 388069105 396734353 4341170 4190254 1426080 2346284 208872712 208599069 169392158 169869540 3375000 2875000 387407120 387880147 X 661985 8854206 661985 8854206 388069105 396734353 8192221 0 X 0 1 X 1 0 X 22738602 24708729 24745462 29331132 29986162 131510087 22738602 24708729 24745462 29331132 29986162 131510087 4003261 127506826 747222 758672 781411 650274 1273285 4210864 500000 500000 1941359 628570 500000 4069929 139790880 0.91210 0.87760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91605539 91605539 284209605 68767244 215442361 24198524 14005561 10192963 6303454 6218974 84480 317325343 CENTERPLATE ADVANCE 2875000 2875000 X 36241787 0 36241787 0 36241787 28049566 0 28049566 0 28049566 PART X, LINE 2: THE AUTHORITY RECEIVED A RULING FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE KENTUCKY DEPARTMENT OF REVENUE HAS GRANTED THE AUTHORITY EXEMPTION FROM SALES TAX ON PURCHASES MADE FOR ITS EXEMPT PURPOSE AND HAS ALSO ISSUED THE AUTHORITY AN EXEMPTION FROM AD VALOREM TAX AS A "PURELY PUBLIC CHARITY." THE AUTHORITY HAS NO MATERIAL UNCERTAIN INCOME TAX POSITIONS WHICH WOULD RESULT IN A LIABILITY TO THE AUTHORITY. THE AUTHORITY RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE AUTHORITY RECOGNIZED NO INTEREST OR PENALTIES ON INCOME TAXES IN ITS STATEMENT OF ACTIVITIES FOR THE YEARS ENDED DECEMBER 31, 2019 OR 2018. DUE TO ITS TAX EXEMPT STATUS, THE AUTHORITY IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. THE AUTHORITY RECOGNIZES A TAX POSITION AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE AUTHORITY'S OPEN AUDIT PERIOD ARE 2015 THROUGH 2019. THE AUTHORITY DOES NOT EXPECT ITS UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. A KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY 610600439 49127KBU3 2017-12-20 202125000 REFUND O/S BONDS; FUND DEBT RESERVES; WORKING CAPITAL; ISSUANCE COSTS. 0 0 0 A 218802163 8343583 209506475 9655402 2017 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, LINE 2C: THE LAST REBATE REPORT WAS DATED 9/3/2013 AND WAS PREPARED IN CONNECTION WITH THE AUTHORITY'S 2008 BONDS. THE AUTHORITY, BASED ON THE ANALYSIS IN THE 2013 REBATE REPORT, DETERMINED A FINAL REBATE REPORT WAS UNNECESSARY WHEN THE 2008 BONDS WERE REFUNDED IN 2017. THE FIRST FIVE-YEAR REBATE PERIOD FOR THE 2017 BONDS HAS NOT ENDED AS OF THE DATE OF THIS FILING, SO NO REBATE REPORT HAS BEEN OBTAINED. SCHEDULE K, PART IV, LINE 7: THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. SCHEDULE K, PART V: THE ORGANIZATION STRIVES TO STAY ABREAST OF FEDERAL REGULATIONS AND CONSIDERS THE REPERCUSSIONS OF ALL SIGNIFICANT ACTIVITIES WHICH COULD FORESEEABLY HAVE AN IMPACT ON THE ORGANIZATION'S TAX EXEMPT BONDS AND THE ASSOCIATED FEDERAL TAX REGULATIONS. IN THE EVENT A VIOLATION IS IDENTIFIED THE ORGANIZATION'S POLICY IS TO CORRECT THE VIOLATION AS SOON AS POSSIBLE, WHILE WORKING WITH THE FEDERAL AUTHORITIES AS NECESSARY TO ENSURE THAT SUFFICIENT CONTROLS ARE PRESENT WHICH WILL GUARD AGAINST FUTURE VIOLATIONS. SCHEDULE K, PART II, LINE 3: DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE ($218,802,163) AND ISSUE PRICE ($202,125,000) IS THE ORIGINAL ISSUE PREMIUM ($16,677,163). SCHEDULE K, PART I, LINE A: (C) ADDITIONAL CUSIP #'S ARE 49127KBV1 AND 49127KBW9 FORM 990, PART VI, SECTION A, LINE 3 THE AUTHORITY HAS ENTERED INTO AN OPERATIONS MANAGEMENT AGREEMENT WITH AEG CORPORATION EFFECTIVE JULY 1, 2012 TO BE THE SOLE, INDEPENDENT MANAGING AGENT FOR THE ARENA WITH COMPLETE AUTHORITY OVER AND RESPONSIBILITY FOR ITS DAY-TO-DAY OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990, INCLUDING SUPPLEMENTAL SCHEDULES, IS PROVIDED TO THE FINANCE AND EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OR OFFICER WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST ARE COVERED UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN THE EVENT THAT A SITUATION ARISES WHEREBY AN INTERESTED PERSON HAS A CONFLICT OF INTEREST, HE/SHE IS OBLIGATED TO REPORT THAT POTENTIAL CONFLICT TO THE BOARD OF DIRECTORS OF THE CORPORATION. THE BOARD OF DIRECTORS SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD, BUT SHALL NOT BE PRESENT DURING THE BOARD DISCUSSION OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST AND SHALL ABSTAIN FROM VOTING ON THE EXISTENCE OF A CONFLICT OF INTEREST. DISCLOSURE OF A POTENTIAL CONFLICT AND THE BOARD OF DIRECTOR'S DECISION REGARDING THE CONFLICT WILL BE NOTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFILCT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.