Project

2019 Series A and Taxable Series B Certificates of Participation

$32,485,000 Par Amount

The Cornerstone serves as the gateway to an emerging innovation district that will further link the University with the City of Lexington. The Cornerstone provides UK much-needed additional parking capacity on the north side of campus having added 900 new parking spaces to the existing parking structure at Limestone and Upper Streets. These additional parking spaces will further improve mobility and access to, from and around campus for our students, faculty, staff and visitors. 

The ground floor of The Cornerstone consists of 23,000 square feet of mixed-use space to further enhance the north side of UK's campus. A flexible, technology-rich innovation space with a variety of programming to stimulate conversation and collaboration between students, faculty, staff and the community is available. This innovation hub will anchor UK's role at the intersection of creativity, technology, entrepreneurship, and economic development.

• $32.4M total project cost and is financed through a P3 arrangement
• Mixed use parking facility will add 900 parking spaces with 23,000 gross square feet of space for UK and retail use
• Included in that total is space for UK Innovation and eSports programs