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"Those boats require payment in advance," Kimmel said. "And the ones that come from a far distance it a larger payment. "The WDC derives about $450,000 in revenues through restaurant leases and event rentals, Kimmel confirmed. But the leases are long term and the user fees have been agreed to far in advance. "We are looking at everything. We looking at, you know, the whole budget to see what things can be adjusted," Kimmel said.

´╗┐at the General Assembly cut its $420,000 yearly subsidy the fireworks are dead and the Belle of Louisville birthday bash is losing steam. Blistering heat couldn stop the music in 2012. In 2013, fireworks had blown the budget again, so the Waterfront Development Corporation passed the hat to help cover production costs for its Independence Festival. But in 2014, Kentucky General Assembly dropped the ax quickly, and deeply. [PREVIOUS STORY: Events in jeopardy after Waterfront Park cut from Commonwealth budget]"We had no warning," Waterfront Development Corporation Vice President Mike Kimmel said Monday morning. "That awful," said Gisela Hazel, a Sellersburg resident who works in Louisville and often walks Louisville riverfront on her lunch hour. "Where the money going? Where it go?""The same day that it was done, that it was voted on, was when we heard about it all," Kimmel said.

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cut in state funding has left the WDC Board and staff befuddled, Kimmel said. It represents slightly less than 20 percent of the Corporation overall budget. "We had to cut the (Independence) Festival immediately," Kimmel said. "You got contracts for artists and fireworks that you have to make sure that you can cancel. "That is also why the WDC will have to uninvite two guests to the Belle of Louisville 100th Birthday party, set to be celebrated in October. Nashville General Jackson Showboat and the Colonel Steamboat from Texas will not be part of the festivities.

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