On August 16, 2013, the University of Kentucky dedicated two new residence halls – Central I and II – which combine to form an academic village that will house 601 students in some of the most advanced living and learning space in the country. Many more academic villages will open in the next few years on the UK campus.
What do they mean for our students and our state?
UK's internal student success research shows that students living on campus are retained and graduate at higher rates than students living off campus. Further, students engaged in a living-learning community persist at higher rates than students not engaged in this immersive academic/residential experience.
The construction of Central Hall I and II alone employed 430 direct employees and 292 indirect workers, 75 percent of whom are Kentucky residents. The construction represented $15.5 million in expenditures in Kentucky and nearly $730,000 in tax revenue generated for the state.
The construction of additional residence halls will employee more than 8,700 direct and indirect jobs and generate $9.4 million in Kentucky tax revenues. Over the next two years, 5,700 new residence hall beds will open.
In all, some $500 million in private investment from our partner EdR, in up to 9,000 new residence hall beds over the next several years, will transform and revitalize Kentucky’s flagship institution of higher learning.
Along with another $680 million currently being invested in new classroom, research and athletics space, the University of Kentucky campus is making a bold statement about what a residential, research university should look like in the 21st century.
It’s happening because of the leadership of the UK Board of Trustees and an incredible faculty and staff who are placing students first in everything they do.
It's happening because of our partners - donors and friends, Athletics and EdR - who believes in and shares a vision for the most modern, engaging residential campus in the nation.
It’s happening because Governor Steve Beshear and the Kentucky legislature believe in our ability to lead in the 21st century.
Because of the lives we touch and teach … help and heal … we are carrying on as the standard-bearers of a promise born 150 years ago with our founding. We will never step back from that.