The organization that oversees the Lexington Convention Center and Rupp Arena is laying off 53 employees and asking for city help to restructure debt payments owed on its $275 million expansion as it struggles to stay afloat during the pandemic.
The Lexington Center Corporation, which oversees the recently renamed Central Bank Center, has been hit hard by cancellations at all of its venues — Rupp, the convention center and the Lexington Opera House — since the coronavirus outbreak began in mid-March.
Bill Owen, CEO and president of Lexington Center Corp., said the group gave notice June 2 that 53 full-time employees will be laid off effective July 30.
At a Friday meeting, the Lexington Center Corp. board agreed to seek a $2.75 million loan to help cover operating expenses while its venues are dark and no new money is generated.
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