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 project is scheduled to be completed in fall 2020. The Cornerstone property will allow UK to provide much-needed additional parking capacity on the north side of campus, by expanding the existing parking structure at Limestone and Upper Streets to include more than 900 new spaces. 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 will include a flexible, technology-rich innovation space with a variety of programming to stimulate conversation and collaboration between students, faculty, staff and community. Other features of The Cornerstone include a gamers' lounge, a multiuse 100-seat theater that can host esports tournaments, hold classes, and be the home for a myriad of other events and a food hall with shared seating to create additional opportunity to build community and collaboration.

To read more about The Cornerstone project, please visit the website here.

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