{Lexington, Kentucky}...Lexington Mayor Jim Gray told state lawmakers Wednesday that he wants to hear from the privately funded Arena, Arts & Entertainment Task Force, which is scheduled to complete its work January 31st on a proposal for the 46-acre district that includes Rupp Arena. The feasibility study shows it would cost less than half as much to renovate Rupp Arena than to demolish the University of Kentucky basketball venue and build another one. The report concludes the city could overhaul the downtown arena for $110 million to $130 million or spend between $300 million and $325 million to replace it. Lexington Mayor Jim Gray says having the report in hand is a big piece of the puzzle as the city decides its course in improving the arena and the adjacent convention center.
