UK trustees approve $265 million in bonds for construction projects

Matt Zalaznick's picture
Thursday, December 19, 2013

The University of Kentucky Board of Trustees haved approved the issuance of as much as $265 million in bonds to pay for three major campus construction projects.

The bonds will provide about $40 million for a renovation and expansion of the Gatton College of Business and Economics. An additional $25 million for the project, which has begun, is coming from private donations.

About $100 million of the bond will be used to build a new science building, and $110 million will go to the renovation of Commonwealth Stadium.

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