1:33pm

Mon December 12, 2011
The Commonwealth

Chairman Steps Down from Louisville Arena Authority

One year after the opening of the KFC Yum Center, Louisville Arena Authority Chairman Jim Host is stepping down. Host is also chair of the Bluegrass Economic Advancement Movement, or BEAM, which is the economic partnership between Louisville and Lexington.

“I’m a glutton for punishment,” he jokes, saying that BEAM will consume most of his time.

Host’s work with the arena authority is largely over. He oversaw the financing and construction, and the authority is now tasked with making sure the bonds are paid off. Governor Steve Beshear will appoint Host’s replacement, and Host says he’ll talk with the governor about it next month.

“That person has to have the ability of being able to develop a consensus among the board, make sure the board is kept informed, make sure that that person, he or she, understands financial numbers, make sure that they have a clear understanding of the bond issue and how it works,” says Host. “If [Beshear] asks my advice I’ll certainly give him counsel. It’s really his decision to make in terms of who he will appoint…I have a few suggestions in mind, but it might not be people he’s interested in.”

Host is willing to stay on the authority until his replacement is named, if the governor so requests