The University of Kentucky Board of Trustees approved the next phase of new dorm construction on campus Tuesday, allowing UK to move forward with three new dorms at the old Cooperstown complex near W.T. Young Library.
The residence halls are the latest fruit of UK's partnership with a private developer, Education Realty Trust. In this phase of the partnership, Education Realty Trust (EdR) will put up $101.2 million in equity for the construction of 1,610 student beds, several classrooms and study spaces.
The board approved the measure without discussion. The university already has approved seven other new residence halls since Feb. 2012 with 2,982 beds, bringing the total cost of the partnership to $264 million.