UK Approves Deal With Tennessee Firm
- {Lexington, Kentucky}...Tuesday, the University of Kentucky board of trustees approved letting university President Eli Capilouto sign a 50-year ground lease with Education Realty Trust of Memphis, Tennessee for a plan that will lead to a new 600-bed residence hall for honors students. The property is on Haggin Field near the W.T. Young Library. The hall, which is to be completed in August 2013, will have some high-tech classrooms and office space and will be owned by Education Realty. The university wants to have up to 9,000 beds built on campus in privately owned buildings during the next five to 10 years, replacing all but six of UK's 22 residence halls.
