jay blanton

UK Board Formally Approves Campus Revitalization

Published: Mar 19, 2013

LEXINGTON, Ky. (March 19, 2013) ― University of Kentucky President Eli Capilouto Tuesday asked the Board of Trustees to formally approve moving forward with design and construction of three projects ― all paid for with university resources ― that will accelerate efforts to revitalize the campus.

 

"We are proving each day our commitment to earning our way forward on behalf of the students, faculty and staff who make this university the Commonwealth's indispensable institution," Capilouto said. "All of this critical investment is happening because of the support of generous donors, our own commitment to greater efficiency, and an athletics program devoted to an unprecedented partnership with the academic core of the campus."

 

Specifically, Capilouto asked trustees to offer formal approval for three building projects overwhelmingly supported and approved by Gov. Steve Beshear and the General Assembly. The projects include:

  • A $65 million renovation and expansion of the Gatton College of Business and Economics. The $65 million project will be initially funded with $25 million in gifts and $40 million in agency bonds, approved by the legislature.
  • The $100 million construction of a Science and Academic Building. The 263,000 square foot building will be funded by agency bonds and is the result of a partnership with athletics unlike any other in the country. UK Athletics will fund 65 percent of the building's debt service ― or, in total, about $65 million.
  • A $110 million renovation of Commonwealth Stadium and the Nutter Training and Recruiting Center. The project ― which will add suites and club seating, while improving the fan experience throughout the stadium ― will be paid for by agency bonds and funded through the construction of suites. UK already has a waiting list for suites.

 

More detail about the projects can be read www.bbnunited.com.

 

UK Board of Trustees Chairman Britt Brockman said moving forward with the projects is "a remarkable example of the partnership that exists among the university and its athletics program, legislators and the governor ― all of whom are focused on taking an innovative, but sound, approach to revitalizing our campus and doing something profoundly important that creates jobs and improves the Commonwealth."

 

"These projects also send an important signal," Brockman said, "that the Board of Trustees is focused squarely on implementing the vision we have set forth, along with President Capilouto, to focus on our students and our mission as a land-grant, research institution. We are Kentucky's best hope for progress, and finding ways to invest in that hope is a sound investment for the state and its future."

 

The partnership with athletics, Capilouto said, is even more remarkable in the context of how truly self-sustaining Kentucky's program is compared to the vast majority of others throughout the country.

 

A recent detailed study of revenues and expenses of all Division I athletics programs by USA Today reports that the subsidy UK athletics receives from the institution is only 1 percent ― one of the five lowest in the country, including institutions such as Michigan, Iowa and Louisiana State University. The full report can be read at  

http://usatoday30.usatoday.com/sports/college/story/2012-05-14/ncaa-college-athletics-finances-database/54955804/1.

 

In UK's case, moreover, the "subsidy" described is not general funds from the institution, but student fees to help defray the cost of tickets that students receive. UK's student fees are among the lowest in the country and the lowest in Kentucky.

 

In addition to support of the new Science and Academic Building, UK Athletics contributes millions of dollars each year to academic scholarships and programming. In fact, in total, UK Athletics spends more than 25 percent of its revenues back on campus for university needs.

 

"With a truly remarkable partnership with athletics as a foundation, we are implementing dramatic change on our campus. In fact, with these moves, we are continuing with a campus transformation unlike any in public higher education today," Capilouto said. "But it is what our students, their families and our faculty and staff need. And it is what our Commonwealth deserves, if we are to help create a path toward a brighter future."

 

 

 

MEDIA CONTACT:  Jay Blanton, jay.blanton@uky.edu, (859) 257-6605

 

bbnunitedforuknow.jpg
Tags:
June
 
 
 
1
 
Wed
2
 
Thu
3
Postdoctoral Research Symposium (Hosted by Society of Postdoctoral Scholars)
Fri
4
 
Sat
5
 
Sun
6
LINKS Center Summer Workshop on Social Network Analysis
Mon
7
LINKS Center Summer Workshop on Social Network Analysis
End of the Summer I 2016 Four-Week Intersession
Tue
8
LINKS Center Summer Workshop on Social Network Analysis
Wed
9
LINKS Center Summer Workshop on Social Network Analysis
UK Writing Center Open for Summer Session 2 (June 9-August 4)
First Day of Classes of the Summer II 2016 Eight-Week Session
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Thu
10
UK Writing Center Open for Summer Session 2 (June 9-August 4)
LINKS Center Summer Workshop on Social Network Analysis
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Fri
11
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Family Day Workshop
Sat
12
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Sun
13
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Mon
14
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Tue
15
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Wed
16
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Thu
17
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Film Screening: Artists on the Body
Fri
18
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Sat
19
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Sun
20
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Mon
21
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Tue
22
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Wed
23
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Steve Zahn: One Night Only
Thu
24
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Fri
25
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Sat
26
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Sun
27
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Mon
28
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Tue
29
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Wed
30
UK Writing Center Open for Summer Session 2 (June 9-August 4)
Music Education Summer Training
Natalie Frank: The Brothers Grimm
Lawrence Tarpey: Figures & Grounds
Eugene Meatyard & Duane Michals: Camera Drama
Thu
 
 

Repeats every day until Fri Jul 01 2016 .
Thu, 06/30/2016

Repeats every day until Sun Jul 31 2016 .
Thu, 06/30/2016

Repeats every day until Fri Jul 01 2016 .
Fri, 07/01/2016

Reset Page