Dec 2, 2012; Lexington , KY, USA; Kentucky Wildcats head coach Mark Stoops spoke to reporters during a press conference at the Nutter Field House. Mandatory Credit: Mark Zerof-USA TODAY Sports

Legislation Filed to Give UK Authority to Move Forward With BBN United Projects

 

 

 

With National Signing Day less than 24 hours away, the Kentucky football program is getting the biggest commitment from someone who won’t be playing football for the Cats, but will be paying the bill to get UK new stadium upgrades and other expansion projects.

Courtesy of UK NOW

Legislation authorizing the University of Kentucky to move forward with self-financing of $275 million in infrastructure projects that would accelerate the transformation of the UK campus was filed Tuesday afternoon.

Specifically, House Bill 7, sponsored by Rep. Rick Rand, chair of the House Appropriations and Revenue Committee, would allow UK to move forward with three projects, without using one dollar of state general funds. The legislation will be referred to the House Appropriations and Revenue Committee, which is expected to consider the proposal Wednesday morning during a special meeting. If successful, the legislation would then go to the full House and state Senate for consideration.

UK’s self-financed projects include:

• A $65 million renovation and expansion of the Gatton College of Business and Economics;

• A $100 million new Science and Academic Building that would dramatically enhance learning and research space in the heart of the UK campus; and

• A $110 million renovation of Commonwealth Stadium and the Nutter Training Center.

UK President Eli Capilouto had this statement:

With the support of the governor and legislators across the state, we have found a path to move forward with the critical revitalization of our campus, working with Athletics, generous donors and through greater internal efficiency. The filing of legislation represents one more important step in this process. We look forward to continuing to talk with policy leaders and the Big Blue Nation that has rallied around this initiative.

 

 

Tags: Kentucky Wildcats Football

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